Platinum hitting higher in the year of OXRead our recent post here
Actually, even if this year is the year of Mouse, Monkey, etc , it will still goes higher , hahaha. The uprise has nothing to do with the year , I mean according to the Chinese Lunar New Year zodiac sign. If you believe this year your wealth luck is not good because you "clash" with some spirits and thus you avoided buying stocks and bonds, etc, only you will have to bear the consequences of the result. I cannot guarantee you will make a profit this year but like I always say, we must be responsible with our own money. We invest based on what we know and what we don't know, we can spend time to find out more.
But if we choose to believe in these zodiac signs and not invest at all, then it is also good if it makes you at peace. Having wealth and no peace is not good. What's the point if you made a 1000 bucks but keep checking your phone to see the results ? Or you can't sleep at night , turn and toss in the bed ? Is that what you want or would you rather have a good night sleep without the 1000 bucks in your bank account ?
I will be waiting for the pull back to end before adding more to this commodity!
PLATINUM trade ideas
PLATINUM breaking out Macro economic climate Suport the end of metals manipulation.
"loss of confidence in government produces monetary crisis Monetary Crisis, pushes metals higher."
M. Armstrong.
Political self destruction and ruin of the republic causes loss of confidence in government.
this is simple platinum.
I have matured a little as a technician. this rule set combines Gann fan , Fibonacci levels ( zoom out on the 2 day chart ) and fitted Ellipses
Platinum Multi-Timeframe analysisHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
PLATINUM on an ascending triangle 🦐PLATINUM on the daily chart is consolidating below the 1130 resistance structure.
The price is creating an ascending triangle between the ascending trendline and the resistance.
According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order.
–––––
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 looking strong bullHello!
Platinum looking really bullish. We got here a beatiful higher low pattern and a vertical line which has worked as resistance.
This resistance has been tested 4 times. What I have seen usually 5th or 6th time does it.
Also RSI has already broke it's own the resistance line and used it even as a support. This gives me a strong bullish view.
Platinums demand is also getting bigger. Car makers are starting to use platinum instead of expensive palladium on exhaust systems.
If you are not holding for long term and are trading. Use stop loss.
Otherwise you will get your ass burned!
Take care
Jebu
PLATINUM on the 0.618 🦐PLATINUM after the last impulse found a resistance at the 1130 area.
The price from there retraced at the 1055 level over the 0.618 fibonacci retracememnt.
According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order.
–––––
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.