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Platinum 4H American Session (02.07.2014) Technical Analysis

FX:XPTUSD   Platinum/U.S. Dollar
79 0 2
The Platinum / US Dollar             pair ( XPTUSD             ) 4H Diagram Technical Analysis Training shows the following:

The XPDUSD             pair has made a long development and now is above all indicators. The support line is above the KUMO so we are on a long term bullish mode. The daily diagram is bullish and the weekly/monthly diagram shows bullish trend .

So the first think in mind is that XPTUSD             pair will move upwards....but As you can see the XPTUSD             has made reversal hammer candlesticks . MACD and RSI is bullish but both weakening their trends.

We have no special candlestick pattern except the hammers. The pair is above the KUMO, above the Tenkan Sen (Green line) and Kijun Sen (blue line) too. The pair is above the EMA 200 (4H).

There is no special pattern. The fib from 1425.8 to 1497.2 (projection) shows a support at 1497.2 (this week).

Personally I think that a short way has begun towards the support line and consolidation until it meet KUMO around 1497.
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