Why I think our Buy-setup in Palladium today has no much upside. We have a bullish Head 'n' Shoulders on the 4HR timeframe. Right now price is giving you an even cheaper entry point before this pops! So, is there demand for Palladium across the world? Take a read of this article from cmegroup.com Why palladium matters to the growth of the platinum market By...
Triangle Pattern formed in Platinum Future, wait for the Breakout. Because Breakout is the Confirmation market move to the Bullish Trend. And 1st Target price is 1882, 2nd Target price 2763. This is for Long Term Analysis. I want to help people to Make Profit all over the World.
reason: market structure fair value gaps break of structure
SInce April, we've seen the price on a strong decline from $1,143 down to $843. It then reached a low and has consolidated around forming a Triple Bottom. The price has broken above the downtrend along with the neckline of the pattern. This means, we are ina bull market. But hold up. There are two ways this can go. EIther the market continues to...
Platinum futures are currently trading at around $925 per ounce, not far from an 8-month low of $894 hit on June 28th. The market is currently focused on concerns regarding China's growth recovery losing momentum and has already factored in a projected deficit for this year. Despite demand concerns in China, the World Platinum Investment Council has revised its...
Today's focus: Platinum Pattern – Support hold, trend break Possible targets – 1070 Support – 993 Resistance – 1035, 1070 Today’s update is on Platinum. We have run over our thoughts and levels we are watching. Yesterday’s solid rally has held support and has started to test support after breaking the current downtrend. Will we see buyers clear resistance and...
Since the Platinum Bobble burst back in 2008, the price was unable to recover, regardless of the all-time high on other PMs. However, looking at the weekly posted chart we can see that the low after the burst held extremely strong, and after January's higher low, XptUsd also has broken above the falling trend line. At this moment the road to 1350 resistance is...
1. Platinum price is In a broader upward trend. 2. It is approaching the middle line of the regression trend. 3. Moved above the 61.8% Fibonacci retracement level. 4. Supported by trend indicators.
Cup and Handle has formed on Implats. The price has broken out and is meandering sideways before the next move up. Platinum companies as well as the precious metal is setting itself for great upside as investors and instiutions are piling their funds into the metal as a form of safe haven... We are going old school right now where the old ways work better than...
Platinum has shown inverse head and shoulder pattern and now its in a bullish trend. We can take long position at this stage as the price is still making higher highs and higher lows.
The trend of Platinum USD on the 1D time frame is showing a reversal. Firstly you can see a downtrend in the form of LH and LL then at the bottom, you can observe the HH and HL which is a sign of trend reversal or consolidation phase. So you can buy from here by putting a stop loss at the LL point mentioned in the chart.
Platinum is approaching a 1.68 ext and a double bottom. Time to begin looking for a long.....
As I said yesterday, I expect Platinum to rise and reach the 1020-1030 resistance zone, and price evolution in the past 24h adds more confidence in this trade. Looking at the daily posted chart we can see that the drop started in mid-March has stopped in important daily support at around 900 and last week we have a sequence of Doji candles in this zone. Friday we...
After rising above 1k in mid-April, Platinum has started to roll back down and has dropped to 900 zone important support (see daily chart). After reaching this support the price started to consolidate last week and finally has broken up. Now the price came to confirm this break and is trading in the last resistance now support zone. I expect a new leg up above 1k...
Trade Idea: Buying Platinum Reasoning: Retesting key resistance on intraday chart. Looking for a break higher. Entry Level: 928 Take Profit Level: 961 Stop Loss: 920 Risk/Reward: 4.13R Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in...
HELLOOOOOOOOO PIPPIN PEEPS!!! I hope you're doing well...THIS IS THE NEXT MEAL ON MY PLATE. I AM LOOKING TO SHORT PLATINUM FOR THE NEXT 6 to 12 months all the way to $900. Great risk to reward. Trade with care...PIPPIN PEEPS!
Platinum has completed a backtest on the upward resistance line (now support) of the bearish wedge pattern it has been trapped in for 12 years. A breakout and a retest is incredibly bullish and i'd expect the price to reflect the set up we are seeing by 2023/2024 by reaching old highs.
PLATINUM on the daily chart tested a few times the weekly dynamic support before moving to the upside. The price is moving into a descending channel and is currently testing a daily resistance. According to Plancton's strategy IF the price will break above and satisfy the Academy rules we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣...