We couldn't have had a more timely signal on Platinum (XPTUSD) last time we looked at it (April 08, see chart below) as we made a buy call exactly at the bottom of the Descending Triangle with the immediate rebound that followed, quickly hitting our $985.00 Target:
This time, the price has triggered a Sell Signal as the 1D MA50 (blue trend-line) broke and a Lower High potentially initiates a Channel Down similar to those of 2024. Both declined to their 1.236 Fibonacci extensions before breaking upwards.
As a result, we treat this as a sell opportunity, targeting 1220.
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This time, the price has triggered a Sell Signal as the 1D MA50 (blue trend-line) broke and a Lower High potentially initiates a Channel Down similar to those of 2024. Both declined to their 1.236 Fibonacci extensions before breaking upwards.
As a result, we treat this as a sell opportunity, targeting 1220.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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👑Best Signals (Forex/Crypto+70% accuracy) & 🔥Account Management (+20% profit/month on +30k USD accounts)
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🤵For more info contact info@tradingshot.com t.me/tradingshot
💰Free Channel t.me/tradingshotglobal
🤵For more info contact info@tradingshot.com t.me/tradingshot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
👑Best Signals (Forex/Crypto+70% accuracy) & 🔥Account Management (+20% profit/month on +30k USD accounts)
💰Free Channel t.me/tradingshotglobal
🤵For more info contact info@tradingshot.com t.me/tradingshot
💰Free Channel t.me/tradingshotglobal
🤵For more info contact info@tradingshot.com t.me/tradingshot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.