XPT bullishAs my predicted on Dec 4, price hit the critical zone and pull back, here's the future critical zone to observe (take action)
PLATINUM trade ideas
Platinum Sunday, 6 December 2020
07:31 AM (WIB)
Platinum is on the rising wedge formation. It seems not completed yet, but need correction move after racing high.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
Platinum Playing Catch Up?Looking at the Platinum monthly chart, we see a very large pattern has formed. This is a long term analysis, but judging from the current economic conditions and the fact that the FED will continue to print money and devalue fiat currency, the metals market will likely see slow steady growth over the next few years. Platinum is looking very strong, a break of the downtrend could trigger a large thrust up and be the start of the platinum bull market. Fingers crossed, happy trading to you all.
Stay calm, patient, and level headed.
Platinum Flying To The Cloud Friday, 4 December 2020
20:24 PM (WIB)
What could give a profitable return on ROI besides Gold and Crude Oil is Platinum. Once we hit the target without losing our funds, we could achieve a huge profit on these market. Now, Platinum is on the way to the sky, but it seems to need a retracement move first that might be landing at 1000 areas. A very strong upraising movement we can see at the base ground support and rising wedge formation at the highest high. I will use a very safe order on Platinum with 10% of my funds, with a loss stop at $300.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
Platinum set to break through to new highsIt moves in sync with its RSI as illustrated by the blue vertical lines on the chart. If this trend continues it will retest, and possibly breakthrough into new highs and once it breaks out I don't see it stopping till $1750. No matter if it is a stock, currency, or commodity, more often than not it will contend with a previous all-time high before surpassing it.
PlatinumFriday, 4 December 2020
07:40 AM (WIB)
The most compelling reason to invest in platinum is diversification. Most investment portfolios have an extreme concentration in stocks and bonds, and commodities provide a way to mitigate some of this risk. Platinum also offers traders a way to profit from growth in the automotive industry and the industrial sector in general. Emerging economies will continue to expand, and as they do so, their citizens will consume more manufactured goods. Investing in platinum allows traders to capitalize on this trend without having to invest in local emerging country stock markets. Investing in platinum allows traders to profit from a weak dollar as well as strength in consumer spending. Growth in large industrial economies such as the United States has often occurred at the expense of a strong currency. In fact, US policymakers have kept interest rates low to stimulate consumer borrowing and grow exports.
Investing in platinum, however, does have its risks:
1. A slowdown in the auto sector or a global recession would almost certainly depress prices.
2. The development of new automotive emissions-reducing technology could also sink prices.
3. Significant Fed tightening and strength in the US dollar may lead to weaker platinum prices and weaker commodities in general.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
PT Platinum Forecast + Trade setupTrade setup
Stoploss 900
Take profit
1030
1125
1200
1300+
Focus on tp 2 and 3
PLATINUM : possible trend linez resistanceplatinum has done nice rally those days, check where rally could stop with some weekly trend lines
Is there any shine left on Platinum?Platinum is looking extremely bullish to me. 1700 could be the next target after a breakout here.
$XPTUSD - Bearish bat on Platinum chartHi guys! 👋🏻
🔔 Harmonic pattern to watch - Bearish Bat 🦇
🔔 Posted for educational purposes, not to be considered as an investment advice.
🔔 Trade with caution today as both EU and US CB Chairman will be speaking, expect volatility.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
platinum is about to fly The upward wave has begun. This wave could be wave 4 of the double-dip wave, which will be the target of $ 1,800, or it could be wave 3 of the main wave, which will reach the target of $ 3,500 in the long run.
Platinum: Something To start...Hi Guys,
it struck me the other day how similar these movements are. Then I discovered that Platinum has a very important industrial link with Oil Refining.
Platinum is used in the processes known as reforming and isomerisation, which create the higher octane components for gasoline. Platinum is key to the production of gasoline - without it, refineries would not be able to produce enough gasoline to meet current requirements.
Can this be the explanation for their similaritis? How can such behavior be studied in the long-short and medium term?
Please share your views and comments below.
Thank you for your support and for sharing your ideas.
Cozzamara
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumstances.
Platinum towards the topLet me present my idea, it looks like Platinum has touched the 61.8% Fibonacci retracement level at the price 953.066, and we hope to go to the first price direction in the 982.739 range at the 161.8% level, and the second price at the 999.925 range at the 261.8% level, but I personally prefer to set the profit point at the first price range. If the movement breaks below the price 953.066, it is likely to go short.
Platinum - bullish countLots of other possibilities here (as always with with EW) but I kind of like the look of this count. The area of doubt for me is whether or not the stage 2 correction has come deep enough at the 38.2 or if it is going to morph into something else. If it could break the 1000 level then maybe I could be more confident.....
