Bearish Setup
-Price was in an uptrend
but now it has stopped making higher highs.
-RSI is also showing bearish divergence
-The price point has also
rejected from resistance
As we expected in the previous published idea, we got a nice follow up after the price formed a double bottom. The price has risen to the first resistance level. Breaking this will push the price to the 980 level.
Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of...
An ascending channel pattern formed on the daily chart of the XPT/USD pair (Platinum CFD) after a downtrend that lasted for about one month. It can now be used for a bearish breakout trade setup. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line. The position...
While long term us yields have been rising heavily, we saw harsh drops on the precious metals including OANDA:XAUUSD , OANDA:XAGUSD and $OANDA:XPTUSD. Platinum has started show reversal movements. The price formed a double bottom and breaking the middle point. RSI also shows the bullish divergence.
Additionally, the ratio between platinum and gold also formed...
The price fell hard in the last weeks under the yearly support find, but is finally showing some reversal signals. The green trendline is coming from last August. Both RSI and OBV show some degree of bullish reversal signals. The supertrend painted BUY in 4h. If we can clear the band at 925$, OANDA:XPTUSD can see the 980$ area quickly. Depending on how fast we...
A basic SMC trade plan.
Price reached previous 50% of H4 order block.
Price created CHOCH on M15 and left another valid orderblock.
Placed sell limit at 50% of M15 orderblock.
Waited for 10:00am(GMT+2)
Placed trade.
Boom!! Profits:)
hi impulse traders
i spotted an good long opprtunity on xpt
i think it time for a bulish move visting the swing highs
possible continuation after an impulse up
Hi , again, as i have mentioned before i am goin to start my humbling on 830usd price...
my recent analysis about platinum:https://www.tradingview.com/chart/PLATINUM/unirsw1b-Platinum/
Good luck
As you're used to by now with these demonic tech devices, this update is a downgrade.
Currency.com no longer pipes data into Tradingview, so the B4PM index price history only stretches back to 1998 instead of 1981 as it once did.
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Very strong divergence on the 4 hour time-frame, we might be at the start of a new bull run for XPTUSD.
Solid Friday closing as Platinum managed to close above Thursday's open and take out the double bottom highs on the 4 hour chart, good 1:4 RR. Targeting the 4 hour 100 MA Value.
Despite correction, professional participants of the options market continue to gain a LONG position with target 1000 and above in middle-term
Source : CME Group
Platinum (XPTUSD) is having a strong start to the week following a streak of 2 red 1W candles rejected on both the 1W MA50 (blue trend-line) and 1W MA200 (orange trend-line). Regardless of the obvious 1W Golden Cross pattern that those two are aiming to complete, the price got again near the 895 - 903 Support Zone, which has been closing all 1W candles above since...
Greetings all,
Wishing you a fruitful week ahead.
I would like to share two business ideas I have developed using the Elliott Wave Principle with you.
For further clarification, please refer to the attached chart.
Your continued support is greatly appreciated and I look forward to our mutual success.
Best regards,
red area is good for sell and green area is good for buy. stop loss ia under the support area for buy and for sell upper the area. yoy can get a confirmation like apinbar or ingulf
Technical Analysis:
As you can see, there exist a Hidden Bullish Divergence with MACD and it is the very sign of bullish trend continuation as the Price is Bullish Bounding in an ascending channel.
We draw Fibonacci retracement from the low to the top of previous impulsive wave for specifying the Bullish Cycles and the Possible Pivot Points and Reaccumulation...
