Expecting Upside on $PLATINUM$PLATINUM has formed a falling wedge with divergence and has come to retest the 13-year trend line that it broke out through earlier this year. I have two targets.
PLATINUM trade ideas
Time to buy ? potential accumulation structure Potential spring
if the price returns to the structure we will expect a retest to 966 for take long positions
PlatinumSunday, 12 September 2021
2:50 AM (WIB)
Platinum seems still possible to move lower and hit $800. It's seen as it breaks down the Triple Mountains pattern inside Descending Symmetrical Triangle.
I won't sell or buys until the movement clearly to see. Keep watch and learn.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
Bullish PlatinumPlatinum corrected to pre-pandemic Trend and is following in this pattern.
3 strong pullbacks displayd with regression trends before breakouts.
Accumulated the last month for change of direction to follow trend.
Waiting on EMA to confirm Bullish action.
From a political standpoint it's inevitabe that the price should increase due to vaccine rollouts, increased production of EV's, back to normal production of vehicles and increases in tech demand.
Long term investment opportunity
Platinum $ spot: more downside?Below 1030 favours a bearish trend.
Downside price momentum supports the bearish trend.
Price action might aim for the lower range of the linear regression channel pattern.
Potential bearish MACD crossover also remains a concern.
waiting for a breakoutPlatinum is a downtrend as lang we cant break the trend!
Platinum is moving sideways for a few days now.
We are waiting for a breakout!
XPT/USD - Platinum to fall back inside the liquidity pool?Good morning ALL!
Hope you're well,
We can currently see XPT running for a channel break of the lower channel limit this morning as price seems to have began its equilibrium continuation. The equilibrium zone in a chart represents an equal number of buyers and sellers creating a price harmony seen by most as a "range".
At the moment our view is for this metal to continue trading lower and following the fact that price has just recently broken through the base of the lower limit of the channel, it seems likely that, following a retest, price could very well continue right the way down into the liquidity pool highlighted beneath the chart.
These institutional liquidity pools are formed when major players and market makers push price back down to fill larger orders at better prices. We see this often across the markets and are generally able to capatilise on the banks moves using these methods.
The idea here is to wait for a confirmed retest of the lower channel limit, followed by a 2-3 bar continuation. Following the succesful trigger, we will be aiming to target the top side of the S&D zone below at approximately 970.00 with stops likely to be above 1012.00 offering a 1:2 risk/reward.
Should price fail to continue away from the lower channel limit our view on the metal for today at least, will be invalidated.
Trade safe out there and catch you again soon.
@platinum; long term buyI believe that this is a very good buying opportunity for midterm/long term traders
Platinum/Palladium return to Jan 2020 price actionplatinum substitution for palladium in gasoline autocatalysts.
platinum’s use in hydrogen technologies
short term lower prices as supply lines are stretched, long term positive.
XPTUSD , still bullish Am still bullish with XPT, and I believe first it may go down to the highlighted area, then we can add more buying.
if you think any thing wrong in this scenario let me know.
Trade carefully.
Good luck.
Long Platinum from Value areaMassive 13 yr trend line broken. Retest of Value Area for long term hold.
XPTUSD Platinum [Watch Level 1018.650 For Price Action Signal]Watch Price Level 1018.650 For Price Action Signal
XPTUSD Time Wave Analysis (4-hour chart)Hello Traders
This is Platinum's 4-hour chart Time Wave analysis.
The correction you see now is a Barrier triangle pattern.
Both ups and downs are possible as we haven't yet left this triangle.
Because the daily correction trend line is drawn below
As long as it doesn't break that line, it can hold its upside for now.
When the correction is completed and the wave no longer travels in the original direction,
Reversal may come out.
If you are in a risk buy, your stop loss should be below the daily correction trend line.
good luck.
XPTUSD Channel Trade Short Good Day, We can see in recent times XPT/USD has been trading in a Range.
We are looking at a short setup back to the 970.00 Demand Zone.
Price has successfully Break Close below the 200EMA and Retested with continuation candles short.
This I refer to the BCR + C pattern. The trade setup offer a great RR ratio and with good confluence paired with recent price action
Stop loss just above porevious 30min high
Tp 970 Zone
Any pullback might be a great entry point.
XPTUSD Time Wave AnalysisHello Traders
Platinum Time Wave analysis.
I think platinum is trapped in a very large running flat structure.
If so, another upward wave will appear, so it is better to wait for a buy.
No signal yet.
Currently, it is going down while drawing a weekly correction trend line of a downtrend.
The last pattern you see now is also close to correction.
If a rising impulse appears, it can be a reversal.
Then we can enter with the lowest correction trend line as a stop loss.
You need to watch carefully how the market reacts.
good luck.
Platinum look for short to 966.35 areaMy sell limit will be at 1018 area looking for SHORT position to 966.35. From there if the opportunity arise, I will go LONG to 1043.77 & 1091.23 extension.
TAYOR
Platinum Long possibility after BOS.Hello there traders!
As always we provide you with analysis on tradingview.
Currently we are looking at the Platinum where we had a nice impuls and corrective move.
Structure tested supply zone and created a reversed H&S .
Bullish pressure pushes the market up and after the retest of the right shoulder we should see Platinum take its flight to the moon.
We also have seen the counter-trendline break wich indicates we are bullish .
Last but not least we see the market create H&S and a rejection of the retest.
This means we are satisfied and ready to take the trade.
Have a good week!
Platin Breakoutsplatin breakouts a short term downtrend and it's going up, It is possible that it will continue its long-term uptrend.
XPTUSD Platinium SELL - more down side comingplatinium will consolidate here for more sell
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