PL is looking primed to start the move towards new ATH. We have put in a Re-Accumulation on the weekly and are currently in the BU/LPS phase, during which we have also put in a LTF Accumulation on the Daily. I'll be looking to get involved this week long wherever I can find a low risk entry. 1st Target I'll be looking for is 1031.1
After that next targets are...
Due to the placement of the platinum price at the lowest weekly Bollinger support level and investors entering to buy platinum last month, we can expect an increase in the price of platinum and other metals in the next 3 weeks up to the specified targets.
NYMEX:PL1!
WOW!!!
Mr Platinum, how are you?
You did play out as expected.
Now, Let,s go to the bank together.
And also. Let us do it again and again!!!
Box Formation and W Formation is showing on the Daily chart of PLatinum.
We do need the price to close above the neckline of both patterns to really confirm upside to come.
So far the MAs are also confirming a bullish inclination along with the rising uptrend.
Price >20 and crossing 200MA
Bullish bias
Target $1,132
Let's drill into the fundamentals for the...
Initiated a trade yesterday evening, albeit slightly delayed, upon recognizing an upward continuation trend. Confirmation from both MACD and STOCH indicators. Employed a 35 TICK stop loss and a 178 TICK take profit. Closed the position this morning at 9:30 AM. Best wishes to all fellow traders!
Entry: 919.0
Stop Loss: 915.5
Take Profit: 936.8
We currently locate the platinum price in the green wave (b). As soon as this low has been placed little further down the chart, we expect another major detour with green waves X and Y before we can consider the important low of the blue wave (b) to be completed. Please note our alternative: If the price falls directly below the support at $843.10 (40% likely), we...
Platinum has been one of the worst performing metals. However, it presents a compelling opportunity for upside should the Fed ultimately deliver rate cuts. Based on daily fibonacci patterns, it is holding support at the 61.8% percent lines. And, it is holding weekly, daily, and hourly support. Today, Monday, Feb 5th, does present a unique opportunity to get in...
A curious spread has opened on Platinum with a volume of 1000 contracts. If you are familiar with the subject, you will realize that an Insider has entered the market. Such deals only appear once or twice a year. Don't miss it!
Spread Expiration - Oct 18, 2024.
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SInce April, we've seen the price on a strong decline from $1,143 down to $843.
It then reached a low and has consolidated around forming a Triple Bottom.
The price has broken above the downtrend along with the neckline of the pattern.
This means, we are ina bull market.
But hold up. There are two ways this can go.
EIther the market continues to...
I couldn't resist sharing this, out of all 12+ of my overlays this one with Mort Diggidys Renako Overlay ATR Green/Red indicator works the best. Look how it colors allo the candles green to indicate we go up.
This is a 3 day chart, so 18 days of buying according to mr Renko.
I discovered that PL a precious metal had fallen 100 points and nobody noticed. I posted it as a buy 3 times and teach time it went up 30-50 points 30 points. I didn't watch it for a while, and it had a trading life all on it's own. Now i se it as a huge bargain again.
The platinum price is currently in the final phase of its blue wave (ii). It has not yet been able to overcome the resistance at $947.10 and has bounced off it. In the further course, however, this should be left behind as we do not expect the end of the movement until the blue Target Zone between $966.60 and $992.20. From here, a descent should then begin and the...
When I first posted about PL it was at 806, since then each time I posted about it it went up another 30 points.
Prior to me pointing out what a bargain it was it had fallen 150 points
from $946. One time it went up 50 point in one day, or $2500 in one day per contract.
Now it has developed a life of it's own, steadily climbing towards higher levels. I...
Remember the last two imes we traded PL at $5 per .10 pt or $50 per point?
It wnt up each time I wrote an idea about it. Now it is totally oversold, past the S6 bottom of The Pivots.
I expect people to see this and buying commence on Monday.
Today we got a day with a nice trending run up, then the rest of the day it traded in a 10 to 15 point range
it i extremely hard to trade 10 point moves, we all wait for confirmation ( 3 points lost), then execute the trade (1 more point), then when it reverses and comes back 5 points, no profit.
I took the rest of the day off when I saw this. They call this a...
last time i mentioned pl it shot from 906 to 950, 44 points X $50 per point == $2200 per share. Could this be our personal gold mine.
PL like PA i very oversold IMO AND HAS DROPPED from ity's lasty rallty to S5 the extreme of The Pivots.
many of my 120= ideas recently have shown how it is possible to 'win' close to 100% of the time buying at the extreme lows...
