Kumowizard

Take profit, buy later at 1020+ support

FX_IDC:XPTUSD   Platinum/U.S. Dollar
52 0 3
Major setup is still bullish on Platinum             , but on 4H I already see serious negative divergences. For this reason I took profit on my longs (opened at 992 and 1005). Tech details below:

Daily:
- Ichimoku setup is bullish
- Heikin-Ashi candle is still bullish , but haDelta hit extreme high two days ago. haDelta/SMA3 started to correct lower, while we still saw higher high today. Some negative divergence at 1080 resistance.
- EWO             is bullish

4H:
- Ichimoku is bullish , but price has moved a lot and bit far above short term equilibrium levels.
- Heikin-Ashi started to show sign of hesitation. haDelta/SMA3 against price action shows serious negative divergence.
- EWO             is bullish , but again we have quite a negative divergence building here, as value started to tick lower!

I think market has become stretched short term. Below 1060 profit taking will accelerate.

However as the big picture remains constructive, I recommend to look for buy signals and try to re-enter longs in 1020-1040 bullish support zone .
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out