Friends, A quick synopsis on this metal, coming to a cycle completion of the Geo: 1 - Price hit Predictive/Forecasting Model's qualitative target, defined at 98.27 on June 22nd; 2 - A "Warning Level" at this institutional weekly level may offer solid support and ground for reversal, here defined at 91.98; 3 - A large geometry defined by the "Geo" meets...
Weekly RSI may have bottomed and this offer a great swing long opportunity with a great RR. With a risk of 10 -20 points, the reward that we are after is at least 60 points (1:3) ratio. Here are some of the reasons to go long: - Platinum is oversold after the FOMC statement that had a revision lower on US GDP - Dollar weakness has not transpired into any buying...
Yesterday 1120 high was a good entry to short and we may have miss it. However, we believe that the market will let us enter again albeit at a less favourable price. Remember, we wait for price to hit 20 dma as confirmation and only once it fail to close of 20 dma then the big size short is warranted. Therefore, it pays to be patience and wait for all of the...
See box 1 compare to box 2-there is a strong resemblance here and key is 20 DMA. A retest 1120-1126 levels is possible and only a break higher will invalidate this short. Otherwise, we are aiming for 1025
Only a break higher above 1185 or out of the long term down trend line will be sufficient for the bulls to retake control. Short in this sellers market. Price continue to trade below the 20 WMA which is now sitting at 1180. Our stance remains the same here, Platinum to have a corrective rally as long as it trades within the triangle - creating higher low and...
We covered all short positions made at 1150-1160 level at 1125-1135 level. Once again, price found support on that Green trendline - a rising higher low made since 2015 low of 1086. This further suggest that Platinum is also trading in a Symmetrical triangle pattern with a biased for further downside. 1) Break above 1186 we will go long or 2) Break below 1115...
Platinum did hit a low at 1086 but a corrective move was is now confirmed as a bear trap. Price did recover but failed to break above 50% retracement at 1185 and so the longer trend continues. Only a break higher above 1185 or out of the long tern down trend line will be sufficient for the bulls to retake control. Short in this sellers market.
Platinum could meet strong resistance here - will d price action respect the downtrend line or a bottom is in and prices are ready to rebound higher? watching the 1185 handle and if that breaks then Platinum could go higher as it will trigger an Inverse Head and Shoulder formation. Buy on pullback 1156 or breakout at 1186 target 1226 and 1256 respectively stop...
Platinum has been on a steady decline with slow demand. Platinum trades at a discount to gold, a condition that occurred last month. The spread between the two precious metals has tightened, but were at the widest in two years. Platinum, although grouped in with gold and silver as a precious metal, is typically lumped into the industrial group with palladium....
The precious metals markets are looking pretty bullish right now, and I think that platinum might have set in a major base at $1150 in February. It's still too early to determine whether or not the down trend in place since last July is over, but technicals are telling me that a long term low might be established if all metals rally in March. The risk/reward ratio...
Like Gold, Silver and Palladium, Platinum is preparing for the bullish run. First nice confluence is overlap of 127.2 and 23.6 @1257. Nice for first target on long. The second confluence is 61.8 (1392) and 61.8 (1388) which comes at nice structure and could be the second target on long. Look at the price difference Platinum vs. Gold
The platinum/silver ratio indicates right now that silver will likely be the best precious metal to buy at the start of 2015 if all metals start rallying like in January 2014. Please see my previous ideas on silver and on the silver/gold ratio to see why this metal in particular has caught my eye lately. If you're bullish on precious metals right now, give...
I've been watching platinum closely for the past month and a half as I discovered a mean-reversion pattern that has repeated itself several times since 2011. Using a 200-Day Disparity Index, which measures how far current price is from the 200-Day Exponential Moving Average (EMA200), you can clearly see that platinum tends to set cyclical lows when it is around...
Observations 1. Divergence between price and stochastic as seen on chart 2. Expecting price to rise to the 1.618 Fib extension @ 1358 3. 100EMA will probably come down to meet the 161.8 Fib extension 4. Entry discussed on the H4 time frame (basically on a break of 100EMA on H4) 5. Stop Loss in case of entry is below the lows
SETUP for a Swing Trade with 5 to 1 and 10 -1 risk reward. ENTRY Range, Initial STOP, and 2 different Target levels listed on Chart. Any Questions happy to answer how I use this setup to make consistent profits. Setup= 1. Bollinger Band extreme with strong bullish candle followed by 2 days closing above that candles low. Pattern has repeated again and again. ...
A pullback above the 38.2 (T1) could lead to 61.8 (T2).
Performance table from May 2013 - Oil, Palladium, Wall Street, Platinum, Copper, Gold, Silver in that order. Should be self-explanatory. I would be interested in any educated conclusions.
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...