During the last financial collapse, platinum was in the spotlight and formed a bubble that burst. Today, we're near a decade low. Yet if you look at the MACD, RSI, Accumulations/Distribution, you see some nice bullish divergence indicating some accumulation potentially going on. We'll see some sort of recession within the next 10 years (I know this isn't rocket...
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...
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.
1. Bollinger Band extreme with strong bullish candle followed by 2 days closing above that candles low. Pattern has repeated again and again.