Platinum
PLATINUM: MASSIVE MULTI YEAR BULLISH TRIANGLE 🚀A massive triangle has been forming on the weekly Platinum chart.
Best is to wait until the weekly candle has broken through the 2020 highs with sufficient force. The riskier trade would be to wait for and entry around $750. In case the $750 resistance doesn’t hold, look for an entry around the 2020 lows.
Targets 1-4 are based on previous highs throughout the years.
Safest bet would be to ride the trend from $1100 to $1500.
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Long on AMSJSE:AMS is showing signs for a possible long position using the momentum trend-following strategy. The bullish engulfing that formed on the 6th of October confirms this.
Platinum Elliot Wave Setupprice already made good correction just comes to table and amazed me.
what a perfect pattern it is absolutely amazing
we are coming down for the C wave from their new journey will start
XPTUSD sell the breakdownBearish set of Platinum against the dollar.
Look for new lows.
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XPTUSD Entry 937.512 Exit 1007.768 | PlatinumXPTUSD Entry 937.512 Exit 1007.768 (Parallel Channel) (Platinum)
Platinum Head and shoulder neckline break? 🦐Market currently breaking the neckline for a bullish move.
Next level 850 area.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Symmetrical triangle - waiting for directionPlatinum is forming a symmetrical triangle. Currently has formed some support at $900 and resistance at $960. A close above $960 will trigger the long with target at $1100 while a close below R900 will trigger the short idea with target at $800 and back to it's previous range.
Platinum Palladium Ratio has Bottomed. Platinum bull market will look to begin in the next 6-8 months based on past performane when this ratio breaks higher from a bullish downward pointing wedge. Once this occurs a platinum bull market usually follows. Watch with anticipation and it would be prudent to prepare for some platinum purchases in the next few months.
Platinum Elliott Wave Theory + Other Technical Analysis Do not ever Forget the content on all of our analysis are subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Nothing on this video constitutes a personal recommendation. Seek independent financial advice from licensed professionals If you need it.
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Platinum looks like it's trading in a long term bull flag. I find it hard to believe this pattern is a descending triangle, we've just seen the dark blue baseline of the pattern hold support, considering the Macro environment I'm expecting this pattern to finish with a bullish outcome.
The RSI is slowly starting to create a Macro higher high, if we see the RSI continue to creep above the blue line we will see some strong price action to the upside, potentially parabolically given how other metals like gold, silver & palladium have been trading recently.
The DPO is closing above 0 for the first time since roughly 2012, we have seen the DPO touch 0 multiple times over the years but the DPO has never really closed above it since 2010 until more recently, very interestingly bullish.
It's always possible this pattern plays out bearishly, nobody knows for sure, safe trading.
Precious Metals Suffer Heavy Beating!Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you!
This if the first week in nearly two months for precious metals to close with a negatively weekly price performance.
Bearish Fundamentals
- The recovery of US Treasury Bonds yields alongside a strengthening greenback contributed to the weakening of precious metals since last week. If economic data from across the globe continues to improve in the coming weeks, then Gold & Silver are expected to remain subdued.
- Positive news about the Covid-19 Vaccine have raised the Risk Appetite of most investors who have began dumping non-yielding assets in favor of stocks and marginally improving US Treasury Bonds.
Platinum then Platinum !Platinum will be under the spotlight in the coming months. Starting to outperform after long years of underperformance.
XPT USD SELL (PLATINUM - US DOLLAR)Hi there. Price is moving impulsively to the downside. Wait for the price to complete the pattern that is forming and watch strong price action for sell.
