Platinum Broke 10 yr Bear Trend
Updated
This is a technical analyst's dream, its beautiful.
Quarterly:
Last quarter just closed a clear shooting star candle at a pullback at price support following a 10 year plus bear trend.
Monthly:
The price acton in the last few months has found some demand at these levels.
Weekly:
Drew a trend line to highlight the breakout of the pullback that followed the momentum up move on the quarterly.
Daily:
Trend breakout of the weekly pullback. I know markets are fractal in nature but wow, this probably won't happen again for a long time, what a find. I'm going to buy platinum futures.
If you like my work follow and share!
Quarterly:
Last quarter just closed a clear shooting star candle at a pullback at price support following a 10 year plus bear trend.
Monthly:
The price acton in the last few months has found some demand at these levels.
Weekly:
Drew a trend line to highlight the breakout of the pullback that followed the momentum up move on the quarterly.
Daily:
Trend breakout of the weekly pullback. I know markets are fractal in nature but wow, this probably won't happen again for a long time, what a find. I'm going to buy platinum futures.
If you like my work follow and share!
Note
Inverted hammer on the Quarter is the correct terminology, apologies, just caught that. The idea behind the single candlestick pattern is that although the market closed neutral it saw more upside than downside, indicative of a change in sentiment. I highlighted plenty of confirmation for this on shorter term timeframes.Note
Still going well, trailing stops.
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