XPTNot financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
PLATINUM trade ideas
Platinum backtest complete. Violent rallies ahead for 2022.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 moving higher 🦐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.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
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 the Plancton0618 strategy will trigger.
Platinum 4-hour wave countingPlatinum deviated from the bottom of the daily chart, currently walking the weekly chart upward, 4 hours yellow 5 waves rose and rebounded.
Greatest Platinum Investment Oppurtunity of the DecadePoint is to Store or Preserve Wealth.
This investment at present also gives a chance to increase wealth as a bonus .
Risk - Reward ranging from 4 to 8.7
Buying some precious hard Pt this month!
This is not financial advice.
# DYOR
Platinum Long / Investment OppurtunityReasons explained in Chart
Will go and buy some hard plati this week
2022 Long on PlatinumThe instrument gave a weekly double bottom, and having in mind we are having a monthly uptrend.
Thank you.
Platinum action-reactionPure action reaction chart
Platinum is going to 800
Chart will tell us what happens after that
NOT TRADING ADVISES
G.R.I. Dec '21
PLATINUM CONFIRMS BULLISH REVERSALWe make sure price builds up these components to consider a setup
1. 1/4HR Should be in Uptrend
2. Break Retest
3. Rejection Candlesticks
4. LTF Double Top
5. Fib Level around 50% And 61%
Platinum- continuing ascendig movimentLast week the graphic close on a positive area, a already pulled back.
Now we may spect for continuation on Platinum... And look for a long term position.
Platinum 755On last support
Can't see it holding but big money should take it back up there
750ish decent buy can wick lower
Fundamentals are good
BTFD
G.R.I. Dec '21
Not Trading Advice
Platinum Gold Ratio suggests Platinum outperformancePlatinum Gold Ratio suggests Platinum outperformance.
That doesnt mean that gold wont go up - just that platinum will go up more.
Platinum to 1506 (minimum)As you ca see Platinum has broken out of a descending triangle within a upward channel which has been well respected so far.
There was recently a false break out of that channel but has since regain it's poisiton.
Target @ 0.786 fib extension level which is rather conservative within the daily time frame.
On a weekly this looks even more enormous as show n in the screen shots below.
Platinum 782For a good fork for plat
Again fitting with the thesis we have one more big drop with the market
Of course i can be wrong and this may not happen
TRADE AT YOUR OWN RISK
chart- fork off major pivots, major downtrend line, chart in log
Platinum Prices Bounce After Nearly Breaching Triangle Support Platinum prices bounce off Symmetrical Triangle support after nearly piercing below the key level. The falling 50- and 100-day Simple Moving Averages may cap upside within the triangle, with the 61.8% Fibonacci retracement sitting above those SMAs. A fresh low following the September swing low points at a bearish bias within the triangle, but overall the neutral posture remains.
The MACD and RSI oscillators are showing positive momentum. Triangle resistance may prove a hard level to break with confluent resistance offered by the falling 200-day SMA if prices rally. A reversal lower would warrant caution given the recent test of support.
Platinum GeoTimeDoing this with pivots, gann and a pitchfork
Again we see plat needs to test lower circa 750
Longterm bullish tho
TRADE AT YOUR OWN RISK
PLATINUM (D)Platinum looks likely to continue on it's downward trajectory possibly down to the 880 to 900$ level
Looking to Short and Follow the TrendStrong support at $895
We are currently overbought on the RSI - looking at previous action at this level we continue to head down.
Looking at the downward trend line it was a fake out and buyers had a good attempt of pushing up but it could not hold. This shows selling strength is strong.
Looking to sell once bearish engulfing confirmation candle closes inside the trend line with a TP at $895
XPTUSD SELLPrice buying to resistance price 1048.645, then will sell to support price 925.162. Daily Timeframe
PLATINUM - 8H GRAPHI expect an upward (BUY) move. The target is 1130. This is a short-term target with %20 gain potential
Platinum case study: geometry, divergence, volumeI am primarily a platinum trader
As you can see from this site: Action-reaction is used infrequently nowadays
Which is a shame because it still clearly applies to price action
And now we have better software
So am starting to backtest pitchforks on the momentum indicators
As you see here- pitchforks would have kept you in on the uptrend
Combined with volume and divergence they would also have got you out before the downtrend
TRADE AT YOUR OWN RISK
Illuminati ConfirmedOk have solved platinum
I don't think we make a new low
Watch how price responds to our framework
I'm a buyer below 800
'Green Hydrogen'
'PEM electryolsis'
G.R.I. Dec '21
TRADE AT YOUR OWN RISK this idea is for information only NO ADVICE GIVEN
