Platinum has completed a backtest on the upward resistance line (now support) of the bearish wedge pattern it has been trapped in for 12 years. A breakout and a retest is incredibly bullish and i'd expect the price to reflect the set up we are seeing by 2023/2024 by reaching old highs.
Three weeks ago I said that Platinum is trading in a rising wedge pattern and a break of this pattern can lead to losses and to a break under 1k important figure. Platinum didn't disappoint me and it reached its target at 930. With great selling pressure on PMs (Silver&Gold) we can also see this support falling and 850 can be bear's target. Sell ralliers towards...
This forecast is for investors, now you look at the global events and find some volatility on gold and silver prices as a safe haven also platinum has the same rule but what makes platinum is the best opportunity right now is the current price has fallen enough to reach the desired support at 770 $- 820$ area I expect the price to continue going down the path to...
Pattern: Giant Head and Shoulders on 1D. Signal: Buy as the price hit the 0.5 Fibonacci trend-line and is near the Support. The 1D CCI is also on its Core long-term Support. Target: 1090 (potential contact with the 1D MA200 (orange trend-line) and right on the 2.0 Fibonacci...
Platinum - XPTUSD trending up very nicely on monthly and even daily timeframe. Clean bullish channel uptrend with strong support.
Platinum - XPTUSD - monthly chart is trending up very nicely after pulling back down for a correction in the past few months. I'm anticipating a continuation of the bullish trend for platinum in the coming months.
After dropping under 1000 figure, Platinum has managed to recover and now is trading at 1058 I expect a new leg up from XptUsd and 1030 zone could be a good place to buy for a rise to 1150 Platinum back under 1k zone would negate this scenario
Platinum - xptusd looking bullish on the monthly chart making new highs and leaving behind demand footprints. Im expecting further upside on this metal and will be looking to take longs on dips as the main trend for this metal is bullish imo.
XPTUSD (Platinum) has had a strong rebound last week that started exactly on the Higher Lows trend-line of June 2020. The commodity may be repeating the 2020 pattern that lead to a massive end-of-year rally. However it needs to get past (break and close a 1D candle above it) the 1D MA50 (blue trend-line). As you see since XPTUSD hasn't closed a 1D candle above it...
cup and handle is not a typical pattern but i see it a lot😎 . we have divergence . volume might rise . wyckoff is rising
PLATINUM on the 4h chart is currently testing a daily support. The market after the break of the ascending channel is testing a potential neckline. According to Plancton's strategy if the price will break below we will set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵...
Pattern: Bullish Megaphone on 1D. Signal: Buy as the RSI broke above its Lower Highs trend-line. For a stronger confirmation you may wait for either a break above the 1D MA50 (blue trend-line) or the Lower Highs trend-line of the price since the February 16 High. Target: Either the 5.0 or 6.0 Fibonacci extension. ** Please support this idea with your likes...
Pattern: Channel Up on 1D. Signal: Buy as the price has been consolidating near the Channel's Higher Lows trend-line in a manner similar to November 2020. Identical MACD sequences also. Target: 1330 (current Resistance on 1D) medium-term and 1550 (Higher Highs trend-line of the Channel Up) long-term. ** Please support this idea with your likes and comments,...
The signals on platinum are suggesting that it's close to its bottom and should start its next let upwards within the next week or so. Some of the platinum miners look like they are in need of a retracement and consolidation phase after some large gains over the past year. A company like Anglo American Plat Ltd looks like its over bought, however, if the...
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This was our FIRST VIDEO of the year , maybe watch it now if you haven't already. Trading 101 paid profits and dividends twice. Now let's go for more - 2 target profits left: here My friend Kaush says that: It’s 8% away from its 20 ema it’s pullbacks have been roughly 13% in the past max it’s gone is 10% away from its 20 ema before doing a pullback What...
Our chart with 4 take profit levels, based on our fundamental and techical prognosis
Apologies, the previous idea came out weird. As can be seen a downward pointing wedge has been formed from 12 years of price action. In the last month the platinum price has broken out. Large patterns usually have large movements, when they're broken and I expect the price to march higher.