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TradingShot
May 17, 2023 8:50 AM

XPTUSD Buy opportunity with High expected in June.Β Long

PLATINUM / U.S. DOLLARICE

Description

β‹…
Platinum (XPTUSD) is trading on a Triangle pattern which is within a larger Channel Up. Last time we had this sequence on patterns was last November-December. Once the price hit the 1D MA50 (blue trend-line), it rebounded to the 1.5 Fibonacci extension. The current 1.5 Fib is at 1180 but we set a Target slightly lower at 1170. Notice how even the 1D MACD sequences between the two fractals are identical.


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