PPLT trade ideas
Platinum is undervaluedDuring the last financial collapse, platinum was in the spotlight and formed a bubble that burst. Today, we're near a decade low. Yet if you look at the MACD, RSI, Accumulations/Distribution, you see some nice bullish divergence indicating some accumulation potentially going on. We'll see some sort of recession within the next 10 years (I know this isn't rocket science), the point is that smart money knows this/gets in early, and I believe they're seeing this chart the same way I am.
I've done moderate supply/demand research (one highlight was that electric cars are not taking over prior to 2030 in the absence of a major breakthrough). If anyone has anything to criticize/add, please do.
Not financial advice, only my opinion.
AC
$PPLT Nears Cycle Completion At Geo's 5' | #platinum $XPT $XAUFriends,
A quick synopsis on this metal, coming to a cycle completion of the Geo:
1 - Price hit Predictive/Forecasting Model's qualitative target, defined at 98.27 on June 22nd;
2 - A "Warning Level" at this institutional weekly level may offer solid support and ground for reversal, here defined at 91.98;
3 - A large geometry defined by the "Geo" meets the following conditions:
a -- 1-2 Leg integrates a reciprocal ab = cd symmetry
b -- 2-3 Leg completes a complex Elliott Wave zig-zag (here, a IMP-COR-IMP is drawn in)
c -- 3-4 Leg completes a simpler Elliott Wave zig-zag ("ZZ") than 2-3 Leg
d - 4-5 Leg completes a simplest ZZ
e -- A permissive Tunneling lets a 1-4 Line through the geometry
f -- Transposition of 2-4 Line offers a point of repose for Point-5-prime (5')
If and once a reversal occurs in the 91.98 ("Watch Level") vicinity, look for a possible reversal to a price level corresponding to Point-4, as per Geo's Off-Set Rule.
OVERALL:
Confluence of Predictive/Forecasting Model's target at 91.98 and Geo's 5' is likely to impact price. Whether of not this should suffice to reverse price will have to be appreciated over an unusually longer period. However, Forex traders might want to keep this metal in mind, as we are also looking at $XAU and gold-sensitive sovereign currencies, such as $AUD, $CAD and $CHF, and to some lesser extent $NZD.
In other words, a rallying in $XPTUSD may be occurring at these defined levels, heralding a possible reversal in the class of precious metals - See recent target hit on $XPTUSD:
Best,
David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA
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MY Entry Setup for High Probability Trade "Long" SETUP for a Swing Trade with 5 to 1 and 10 -1 risk reward. ENTRY Range, Initial STOP, and 2 different Target levels listed on Chart. Any Questions happy to answer how I use this setup to make consistent profits.
Setup=
1. Bollinger Band extreme with strong bullish candle followed by 2 days closing above that candles low. Pattern has repeated again and again.
2. CCI cleared extreme -200 level "oversold and setting up a strong move.
3. Retracement in line around 50% supports the bounce
STOP Must be around 137 as this keeps the trade a 5 to 1 RISK REWARD 2st target and 10 to 1 2nd target, and do not trail stop until first target is hit, im willing lose that much on this trade knowing slippage is possible due to opening gaps in stock. also as this stock gaps up/down at open so any tighter u will be stopped out and I would not hesitate to re-enter trade if price clers 138.16 level. I will keep 137.12 stop until first target hit than will trail stop using Volatility stop.
