Buy PPLT, bcause its cheap , Gold is rising , PPLT can reach 900, and then 1000 in a catch up raly as fiht to safty intesefies. ( merging DB CB, yea like two piles of detritus makes for a beter pile of detritus ) Brexit, Social concessions in Itally, france, ECB tightenning. Daragi leaving. . . Better metal. . .
As for the 'abolas: price bounced off Light ...
It appears that Platinum may be heading up to retest prior support now resistance.
PRZ falls within this resistance area, which should be supportive for a move back
down given candle/technicals signs of reversal there.
I take a slightly different slant on the shark formations. For me, the meat of the
formation is the lower low/higher high that falls within the ...
Platin is now fair valued after todays sell out / correction which which could be caused trough uncertainty of the g20 summit results.
If the next week starts with a green candle an upward correction can be assumed. Otherwise I expect another correction down to $ 775. Currently there is an attractive risk-return ratio.
In the daily long term chart (right side) ...
I think there is a path to and through Dashed Black: How ever, it may climb above or below Dashed Black . 900 Dees is reached sooner, above, with dashes as support or painfully slower, with dashes as resistance.
Important changes to the model: The Narrow solid black channel, From which the Jag just fell off!: All three 'abolas had their future slopes shaved ...
lops of quadratics , time , and probability. Solid Yellow is the least. Solid Black is local to This present. Dashed Black are the recovery level and the handsome returns slope. Oval above present point ,: nest egg ;-) Oval Six years from now!: The hoop.
Dashed blue is my hope. going through another local slump. Solid Black curves are the expected local bounce. Solid Yellow, is the floor base line, long term trend
Seeing the Solid Black channel in this context reveals that it is not tenable slope in long term . How likely is Platinum to return to 1600? Unless there is a real flight to safety by investors recognizing the basement sale levels. Notice that the Solid Red, Blue and Yellow are rooted in much larger features of the Jag. I would be happy to see Platinum over ...
Solid Black Local channel , ( see previous post is not a bad track to descent into in the medium term it does provide a path to recovery. . . . Solid Pink - Solid Green, denote the continuation of the course to a fair pricing. Solid Yellow and Solid Red a very long term parabolas. see next post.
Price is taken down by . . . ? The Jag should settle into the Solid Black channel. Dashed blue is the local recovery trend. there is a wider view that encompasses the Recovery trend.
Trading Methodology:
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based ...
Trading Methodology:
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based ...
Looks like a very solid bottom formation. Safe play is waiting for a break of the neckline, risky play is starting to scale in here. Should not drop below the 815 anymore
Platinum as an investment has a much shorter history in the financial sector than does either gold or silver, which were known to ancient civilizations. Experts posit that platinum is about 15-20 times scarcer than gold, on the basis of annual mine production. Because of this fact, platinum has nearly always tended to sell at a significant price premium to gold. More than 75% of global platinum is mined in South Africa.
The price of platinum changes along with its supply and demand; during periods of sustained economic stability and growth, the price of platinum tends to be as much as twice the price of gold; whereas, during periods of economic uncertainty, the price of platinum tends to decrease because of reduced demand, falling below the price of gold, partly due to increased gold prices.
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