The price was bearish flowing easily down below the (MA) and made a low and then broke above the (MA). After that, things started to get strange, it rejected the 1220 area. Now, candles do not seem to have enough volume to continue the bearish trend. If price breaks above the McGinley, then it will meet resistance at 1204.37. The price target is 1234.27, our...
Platinum is rising from ashes and started a new bull run after many years heading lower. found support @ $818 where all the selling has been exhausted. i expect it to retest previous highs. In the meantime it should carry gold and other precious metals higher with it.
Improving confluence of technical trend indicators. Remains a risky trade.
Introduction to Fractals: Although prices may appear to be random, they actually create repeating patterns and trends. One of the most basic repeating patterns is a fractal. Fractals refer to a recurring pattern that occurs amid larger more chaotic price movements. - Taken from Investopedia Fundamentals Notes: - Initially, inverse correlation with stock...
As Stated in the Video...Enjoy!!!
Model Forecast for Platinum: - Line of Least Resistance determined for PLATINUM. - Initially, inverse correlation with stock market, but Platinum reaps the benefits of industrial use in clean energy strategies, we foresee a decline in the stock markets until EOY, and recovering early 2021. PMs' technicals seem to support this sentiment. - Interestingly, there was...
PLATINUM on the 4h chart is testing the 1220 resistance. The price is moving over an ascending trendline and recently broke above the descending trendlone. According to Plancton's strategy if the market will break above we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly...
Based on trend lines and support alone Platinum looks bullish. However, there is a triangle/ pennant forming therefore need to test if the bottom support holding up (or check if it forms a descending triangle ). Most likely it will retest the previous high, fall back. If trendline support holds up, it should nicely go up. This is just a trading idea, not a piece...
If gold goes up. I think platinum will rise as well. What do you think? Here's the analysis on gold. You will learn the best place where we can trade this instrument at low risk. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would...
rather late, but not done yet XPTUSD/XAUUSD as platinum gets set for (1192-1194) double bottom, the price of gold has stalled in the (1729-1734) double top range both pairs have recently caught a support 5 buy but I do believe platinum has more room to go^ platinum is the metal of the future
Bullish M pattern in formation. 1197.00 area is a good Buy Zone
- Breakout big trendline downtrend.....
Entry on the retest of price level 1233.800