After rising above 1k in mid-April, Platinum has started to roll back down and has dropped to 900 zone important support (see daily chart).
After reaching this support the price started to consolidate last week and finally has broken up.
Now the price came to confirm this break and is trading in the last resistance now support zone.
I expect a new leg up above 1k...
Trade Idea: Buying Platinum
Reasoning: Retesting key resistance on intraday chart. Looking for a break higher.
Entry Level: 928
Take Profit Level: 961
Stop Loss: 920
Risk/Reward: 4.13R
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in...
Another commodity trade but I like this one because we seem to be on the verge on a kijun bounce on the Monthly. Confluence comes in with the bullish HnS on weekly. To reduce risk again I put in a buy stop to only take me in IF I am right. This could potentially go up to 2000 but I will bow out 1175 zone.
Entry: 982.57 (buy stop)
SL : 940.00 (Just below the...
PLATINUM has formed an ABC bullish pattern on its daily chart.
The price is trading above the entry level EL 978.964.
ABCs pattern are only valid when the price closes above the entry level with a progressive with a progressive uptrend.
PLATINUM ABC BULLISH PATTERN
💼EL 978.964
⚠️SL 948.933
🎯TP1 1151.031 61.8% ABC
🎯TP2 1203.759 78.6% ABC
🎯TP3 1271.571 100%...
still no clue that wave ((ii)) ended, the broke above the parallel corrective channel and the key level 1034 will confirm that the bottom is placed and wave ((iii)) in it's early stage, critical support at 893.38
Platinum is consolidating after a breakout of a descending triangle that spans two decades. Eyeing a breakout of descending channel.
RSI approaching bullish territory.
Volume is very strong and has been since the retest of triangle pattern .
Will be looking at buying all dips on weakness.
Platinum is consolidating after a breakout of a descending triangle that spans two decades. Holding the .382 retracement swing low to high. Eyeing a breakout of descending channel.
RSI approaching bullish territory.
Volume is very strong and has been since the retest of triangle pattern.
Will be looking at buying all dips.
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Hello.
Time Wave analysis of Platinum (XPTUSD) as of March 31st.
The platinum peak is the starting line of the yearly correction trend of the downward wave, and a monthly downward wave proceeded below it. Since I recently broke the last monthly correction trend line, the monthly upward wave has ended, and the W-X-Y correction pattern will be created here....
