Hello folks,
Last week I posted an idea after performing basic techniques of Technical Analysis on the Platinum chart. The price accomplished a perfect reverse head and shoulders, Chaikin Oscillator is in uptrend and with Fibonacci Time Zone I identified the frequency of the uptrend pulses.
I expect price to break out the ascending triangle (started at 10 of...
Trying to figure out the evolution of the trend, we approached a strong historical support + bull triangle pattern + MACD & Signal + low volumes on bearish movement.... All this let me suppose a possible uptrend, unluckily we don't have confirmation from RSI and Put/Call Ratio.
What do you think about it? :)