Platinum / U.S. Dollar
5 waves up and in the process of correcting this whole move - expecting lower prices to come.
A bearish trend is applicable. Ideal short entry around 1070. Increase exposure around 1040. Stop-loss 1090. Target 1020. The expectation is that the commodity is busy with wave a which is a corrective wave. Technical rating: medium. Time exit around 1 February 2023.
I've been bullish platinum for a long time now, but breakouts from such long-term ranges take time. We've seen similar shapes in crude oil and in copper, both of which have broken out. I started discussing the upcoming crude oil breakout on Twitter in 2019 already, and I've been doing the same for platinum. In time, we will surpass the all-time highs, which isn't...
just a quick chart for reference. nothing to see here
After it did false penetration the price came back again inside the canal, that will give us a sign the there is more falling down, the first target will be 974
1. Platinum price is In a broader upward trend. 2. It is approaching the middle line of the regression trend. 3. Moved above the 61.8% Fibonacci retracement level. 4. Supported by trend indicators.
Platinum is getting closer to the upper bound of the parallel channel which the chart has been respecting since the beginning of 2021
influencing factors 1. Breakout 2. Above 200/50 3. Hitting daily R1 4. Not overbought on daily yet 5. Strong uptrend Bearish divergence warnings
Another amazing risk reward ratio trade with platinum
This looks like a bit of exhaustion happened from the bulls a minor dip might happen. Disclaimer : This chart is not intended for financial advice
The commodity pair reached a high of 6% yesterday. The potential for a further rebound remains. Original idea attached.
Market Neutral Pairs Trade Idea: Buy Palladium, Sell Platinum. Suggested Trading Levels: Ratio Entry : 1.96 Stop-loss: 1.84 Target: 2.17
Nothing to see here - Just using as a reference for the future - Good luck all
Trade Idea : Buy Platinum at market Reasoning : Broke out of a bullish flag formation and looking for continuation of that bullish momentum to target previous swing high. Entry:924.50 TP:944.83 SL:916.01 RR:2.39 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of...
Looking to play a rotation to the 935 highs. Entry: 902 TP: 935 SL: 890 RR: 2.85
Sell Limit! Looking to play the resistance from that blue resistance zone. Price already tested it but looking for a spikes into that zone again and rejection. Targeting the 900 level. Its a correction so position sizing will be small. Entry: 927.71 SL : 939.66 TP : 900.40 RR : 2.29 Not investment advice
Platinum is now trading in a corrective pattern representing wave ((2)), whose critical and unbreakable limit is 971.80. It is currently taking a bearish correction pattern targeting the 61% level before ending the wave ((2)).
platinum We expect the metal to drop since trading below the resistance point of 971.80, but currently, we expect a correction in wave ((ii)) targeting 50% levels at prices of 897.58 to end the wave ((ii)) before descending again