Is it time to buy 2xDaily Long PlatinumPlatinum has lost its shine for some time now. This LPLA ETF seems cheap to me.
Platinum
PLATINUM FUTURES JANUARY 2019 (PLF2019) (PL)Platinum futures are moving in a clear downtrend as suggested by the weekly chart. On the 4-hour chart, prices seem to be moving in a downtrend and forming a falling wedge pattern. We can speculate a brief break to the upside, followed by a continued downward movement. However, my bias is short as most markets are hit hard by the power of the bear.
brace for impact, big derailmentI want to bring the light about a spectacular move that could unfold very soon, already started actually, involving a decoupling of gold and japanese yen.
you must look at the japanese index chart (a forgotten one, people focusing too much on the dollar index). the configuration is so clear, we have a triple bullish divergence with a beautiful first two lows having the MACD curve almost on the same line, followed by an intermediary correction, but the real and final low is attained weeks after, experiencing an ever more beautiful lobe higher on the MACD curve for a perfect mega bullish jump.
BUT !!!!!!!!!!!!!!!!! the point of this post is to remark that gold, silver, platinum display the same exact configuration but only at the phase of the first two lows wih a MACD curve having almost aligned two lows (the third and final low is missing for these 3 metals !!!)
WHAT DOES THAT MEAN : silver gold platinum will experience a subsantial temporary correction upside in parallel with the reignated JPY power from today but they will fall even more after WHILE from today onward JPY will rise non stop.
the day when silver gold platinum will go back downward will JPY continue rising should be the day of a massive orchestrated collpase in bonds and stocks everywhere on the planet.
it is more or less linked to an action of the gargantuan Japanese government pension fund (the biggest in the world) terrified of the possibility of losing their investment if they do not liquidated their position all over the world because they need to pay the pensions and if they wait too much while markets and stock are all time high they could lose money, i let you imagine how angry will be the japanese population if they learn that their pensions have been lost because of greediness pusrsuing blindly overvalued markets and not exiting when it was time.
so basically yen up up up up up always gold/silver/platinum up for some moment then down down down in parallel with a flash crash everywhere. when you will see the third lobe on gold/platinum/silver it will be the end of the crisis and they will skyrocket again so do not buy these metals as long as you do not see this configuraiton on the chart. meanwhile yen should be safe
PLATINUM NEAR THE BOTTOM?QUICK GLANCE at this "precious metal" (what a ridiculous term)
could be a great buying opportunity to go long.
expecting a marginally lower low.
PLATINUM / SHORT OPPORTUNITY / H4XPTUSD
Trading Bias: Short
Technical Strategy: Head & Shoulders
*Must wait for break & close past neckline. The support channel is of significant interest. If we bounce, then the ideal short scenario is shown using the purple arrows*
PLATINUM SELL TRADEI am going to wait for the price to break out of the correctional channel in the lower time-frames; and if it breaks to the downside, we we will taking a short position.
PLATINUM BUY (PLATINUM – US DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
XPT (PLATINUM) MONTHLYFalling wedge + bullish divergence on monthly chart. As soon as it breaks the descending trendline, a long position could be considered in my humble opinion.
PLATINUM BUYHi there. Price is in an uptrend. Wait for the price to form a continuation pattern and watch strong price action for buy. Platinum as gold and silver is inversely correlated to dollar, so more the dollar fall, platinum rise.
Don’t take a trade if you don’t see clearly when big guys are in.
PLATINUM TO GO 'LONG' FOR YEARS COMINGAfter studying market on the Monthly (1M) view I strongly believe Platinum has bottomed out and headed up with indication of trend reversal to follow in the coming weeks. Last time the market hit this low was in 2008, however, came quite close in 2016. I highly doubt there will be much further downtrend below 760.99 but I do remain prepared for such a possibility.
Price target to bottom out reached;
1st horizontal line in yellow - 803.58
2nd horizontal line in yellow - 760.99
Further downtrend & not so likely in my opinion;
3rd yellow line 596.34
4th yellow line 403.37
Please study your indicators understand some, as they would help you determine a suitable entry point. use lower timeframe views such, Weekly and Daily view for a suitable entry point to go uptrend.
Also, do set stop losses but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire.
Inverse H&S for platinumLooks like a very solid bottom formation. Safe play is waiting for a break of the neckline, risky play is starting to scale in here. Should not drop below the 815 anymore
It's time to bet on platinumFor almost two and a half years, JSE:AMS was stuck in a range of between R260 and R380, only once breaking out for a brief period.
In July of this year, however, the stock found good momentum, reaching a high of R500.37. It has since come off this high and is now offering traders a good entry point. Take a look at the above chart.
Firstly, note how Amplats is reacting to its 50-day EMA. It appears to be finding support at this level, which is a good indication that it could return to bullish momentum.
In addition, looking at the Slow Stochastic, JSE:AMS is somewhat oversold at these levels. For this reason I expect the share to turn to the upside.
Looking at the chart, I can't help but have a bullish view on Amplats and for this reason I will be going long on this stock.
Action: Place a Limit order to BUY at R460 with Stop Loss set at R425. I will aim to take profit at R495 and R520 respectively.
Margin: 13%
Gearing: 7.69x
Gain: +100.33%
Risk: -58.53%
XPTUSD: Pull back completed. Resuming the bearish trend.Platinum has nearly completed a 0.382 Fibonacci retracement (860.500) on the 1W chart (1029 Top - 756.500 Bottom) and the price should be technically ready to reverse again lower and follow the long term bearish trend. 4H has already developed a Channel Down (RSI = 43.280, Highs/Lows = -0.2893, B/BP = -3.7820) which may spread to 1D (also on Highs/Lows = -1.3214, B/BP = -2.800). 807.070 is the 1D support that needs to be crossed. Also watch for the Higher Low supporting lines (indicated in red). Short, TP = 792.940 and 756.550 in extension.
Platinum, inverse Head and Shoulder patternReverse H&S pattern formed on a daily time frame. RSI divergence as well. Now a down trend line broken, 50 and 100 SMA and the neckline of the pattern. MPO set to go to 920 area. Potential resistance in the way is 880 and 900 level and 200 SMA. The pattern formed after a bounce from a major support zone on a weekly chart. Platinum reflects the gold chart and is priced in dollars.
