SHORT TDI = Overbought Stochastic = Overbought Channel lines are parallel and showing rejection NOW
- Rather resilient as prices managed to consolidate below psychological barrier at 1100 - Elliott wave count say one more thrust of wave 5 - Wave 5 should equal wave 1 and our estimate is for 1140ish - This could be a repeat fractal from previous low - Looking for big resistance then if it plays out - Next sell off is a big buy but we have to be patient
XPTUSD HAVE BIG POTANTIAL FOR LONG JUST WE NEED TO FALLOW CHART OR SET UP BUY STOP FOR FUTURE...
Platinum is showing several signs of a peak to place a short with good risk/reward. The CCI is now re entering below 100 after travelling on a highly overbought region. Also, this peak coincides with the upper 0,5 line of the pitchfork. A first target on the lower 0,5 line around the same line of the 0,5 fib. Thanks for your comments.
Equal leg higher A pullback is a bear trap - upside risk reward seems more viable Pullback from current higher is deem appropriate to test strength - also to clear out weak longs
PLATINIUM
- Ratio to gold already maxed out with a double top - The next confirmation is to trade below 1.20 for a breakout - It could well be the trade for 2017 - Fundamentally, platinum remains in a supply deficit - Pullback and dip buying is recommended - Swing trade will take months to complete - If fractal is of use - go to platinum weekly chart to compare 2002 to...
Hi, Platinum PTUSD is very interesting in this moment. It is converging to a strong supply, giving a possibility to take a good sell trade. Of course accepting the risk. I am a Trader of profiting.me Thank you Girolamo Aloe
- A fake break below the bullish channel? - RSI is away from oversold territory - might bounce if the pattern holds - Overall, daily chart says bullish momentum remained - upside remain constructive - a bounce off 1016 level maybe all it needs before another trade higher - Trade according to the large channel but AB=CD pattern is also confirming the move
- A rebound to 1074 attracts potential interest for shorts to reload - Risk is 20 while the target is for a retest on the psychological level at 1000 - Risky to bet against the current trend but market looks overbought in the short term
- Price remains constructive to trade higher within the rising bullish channel - Overhead resistance approaching near 1080 - 1100 price levels - Weekly RSI is bullish but overbought - look out for the 100 weekly MA currently at 1121 for resistance too - Looking for a short trade at the top of the bullish channel which coincide with 38.2% Fibo move from 2014...