Platinum FuturesPlatinum FuturesPlatinum Futures

Platinum Futures

No trades
See on Supercharts

Community discussions





PL1! Still looking for a major drop down to 1220 (daily) - That would be great! But a drop to 1271 on the 4hr would be sweet also. Super nice head and shoulders pattern formed on the 1hr (not relevant I know, but it gives me hope) I've taken profit several times on this correction so far and hoping for more! THEN we go right back up to the tip-top!

LETS GO!!!
Snapshot


PL1! not my best executions but we prevail!
Snapshot


PLV2025 *For Swing Traders:
The Daily is in Bullish (directional) Market Bias. Price action is moving within a giant Inside Day pattern for a market pause with no true direction.

After the tall bullish candle rejected a breakout from the Inside Day's high of 1,440.5 (shown as an orange line), the bears are attempting for a breakout at the pattern's low of 1,330 (shown as an orange line).

With a true breakout from the low of the Inside Day, the bears can drop further as part of a retracement towards 1,296 through Mean Reversion.

*Current Fair Value Price from Traders Worldwide: 1,262.5
Snapshot


PLV2025 On the 4-Hour, it is in Bearish (directional) Market Bias.

After the previous break of the Bullish Trendline (in green dotted line), there was a retrace to the upside to retest the trendline.

Currently, the bears are dropping from the trendline for an even bigger move to the downside to potentially breach the Swing Low of 1,308 and go further.

*Side Note: A BIG move is coming from the Double Inside Day pattern.
Snapshot