Platinum is a rare but highly interesting metal, well suited for many use-cases.
One use-case might be to open a short position.
For about a week, OANDA:XPTUSD has formed higher lows on the 4h chart.
On the other hand - momentum fell on Wednesday, then rose again but then took another dip.
As a result of rising prices and falling momentum, we have a bearish...
Hey guys, there is an annual seasonal setup in Platinum which begins during the middle of December and extends until February/Early-March timeframe. The meat of the move seems to occur from end-December until mid/end-January though. While last years movement was fairly muted due to the weak capital markets, I am aiming for a $150/oz upside move this year. TP range...
I would like to share my thoughts with you.
The Idea is that after Head Shoulder Formation is now the Retest of SHS and confirmation of break out. That idea is supported by the seasonality of Platinum.
I think its possible to reach minimum Target1 if Platinum is not overbought then its also possible to reach target 2 untill 21 th February.
After 21th February I...
Hello there,
I hope you're having a great start to the new year. I wish you all the best in your trading ventures and a happy new year with your loved ones.
I'm a fan of the Elliott wave principle, which I find interesting and useful for market analysis. I've developed my analytical approach by combining this principle with my personal experience and considering...
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You...
Hello!
I am a big fan of the Elliott wave principle, which I find very interesting and useful for market analysis. I have developed my analytical approach by combining this principle with my personal experience and considering various scenarios that could occur in the market.
While I would like to share my analysis with you, please note that I am not providing a...
Platinum (XPTUSD) is going quite well since our October 25 buy call (see chart below) as we caught the bottom and the price is now rebounding:
The long term pattern is a Channel Up. At the moment the price is supported by the 1D MA50 (blue trend-line) buy restrained below the 1D MA200 (orange trend-line) where it got rejected on November 28. Even though the...
Looking at the technical picture of EASYMARKETS:XPTUSD on our daily chart, after reversing higher in mid-November, the commodity started forming higher lows. That said, it is struggling to build up higher highs, at the moment. However, that might change, if the price overshoots its key resistance area, roughly between the 944 and 952 levels. Until then, we will...
Greetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want...
Dear Esteemed TV Members,
P latinum has been swaying within a bearish trend. However, insights from Support Vector Machines (SVMs) applied to daily candles suggest a potential weakening of this bearish momentum. This predictive analysis, coupled with a possible rising channel pattern on the Relative Strength Index (RSI), indicates that the bearish trend might...
As above....
Big descending triangle on the monthly chart. Statistically a much better chance of breakout for a bull run in the distant future.... 2025??
Will follow.
Good luck traders.
Nobody has been talking about platinum… it had been consolidated and stopped in a same area since October 2015… and big drop went nearly below inside 570 area.. but then went back in a same zone again and again and this year again.
What if it’s finally find its bottom in all of this time? Is it ready for a bullrun ? Last time it had a bullrun since 2008 and it...
Elite Strategy Execution
Followed all confirmations
Executed in 5 minute time frame
Transitional switch in 1m, 3m, 5m confirmed a short inside daily market structural zone.
Targeting 1:3 Trade
Risked 0.5%
Max Targets will be lower liquidity structural zones or pools.
Entry: 844.500
Stop Loss: 860.00
TP1- 829.00
TP2- 813.50
TP3- 798.00
**For educational...
Looking for an entry within the next couple of days, considering that this is a metal, my stop is fairly tight 200 pips stop lol. However, after carefully taking steps to understand how markets fluctuate, at premium zones, I've decided to make my potential last trade of the year on xpt/usd.
There are no fundamentals behind this...this is pure technical, lately...
![PLATINUM: [MCX] Platinum Investment Idea](https://s3.tradingview.com/e/exoNspKt_mid.png "[MCX] Platinum Investment Idea")
