PLATINUM trade ideas
Platin with new 5 year high!Retest of 1060 today and immediately the run in the other direction. Intraday a new 5 year high. If it spikes through, the way to 1200 is open.
Platinum - Basing PatternMonthly Candles
This charts a beauty. Great long term hold. Next stop $1300.
Thanks
Short term correction for Platinum?
4 hour chart with CMF bearish divergence..watching this closely.
mid to long term very bullish.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Possible rising wedge for Platinumrising wedge forming, price target of 1081 which is the previous swing high. At that PT point there should be people taking profit.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
xpt attackAs seen on chart there is a channel and a long resistance line at 1015 usd came from february, before pandemic. It is clinging above 1015, i think, and now it will probably be a resistance line in future. It is at top bollinger band and top point of the channel. We can see a trend line on RSI. So maybe, just maybe, it will drive up above 1070s permanently. Happy new year everyone.
XPTUSD ideaPlatinum idea
For platinum
An interesting picture of platinum is emerging. Globally - the bearish trend line has been broken on the monthly chart. Perhaps a new long-term trend has arisen on this product.
At the moment, a bullish flag has formed and as we know it is a trend continuation pattern.
one possible price action scenario for Platinum
possible price action scenario short term:
rising bearish wedge if played out would bring down the price back to the larger Bull flag channel lower line. Then price to resume upward swing
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Platinum future 65 min possible negative StochastiRSIdivergence SWOT
S:
1. seasonality wise Dec and Jan strong.
2. The week after Christmas typically is strong for stocks and even first week of the new year.
3. possible inventory shortage for the metal
4. bullish setup for intermediate time span (Daily, 3 day, etc.)
5. very undervalued based on historical price and especially given the devalued dollar and near 0 (or negative) interest rate.
6. just had a huge 10% correction on last Sunday night and not likely to have another one soon.
W:
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O:
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T:
near term negative chart divergence
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Moving Average DeviationYou probably remember the bell curve back from school which shows the normal distribution of statistical data.
Set the MA Deviation to percentage.
Draw a line at 2 per cent.
Anytime the indicator goes above 2 we can say we are in a volatile market.
Bear flag within a Bull Flagin the 8 hour and bigger time frame a Bull flag is forming.. However, with the lower time frame such as 4 hour there is a possible bear flag. So watch very closely the price action here, very interesting.
Keep in mind that Seasonality wise the Platinum is very bullish in December and January for the past 5 years.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Interesting movement from platinumPlatinum is looking to make a ascending triangle. But before breaking out it is looking to make a little correction
Buy Platinum Platinum in a bull trend has touched the bull trendline and the support at 1,000$. Good buy.
Platinum hidden divergence on 8 hour and 2 Day chartsThis hidden divergence would normally mean the up trend continuation...would need some confirmation.
I am taking an aggressive position here and will observe a tight stop.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Bullish PotentialPrice may rallies upward as seen on Monthly time frame
Indicators signals long
Volume supports long
Moving Average Strategies In this video, I explained the following.
What is MA?
What different types of MA are out there?
Strategies and combination with other patterns.
The Platinum bull market has begun...REPOSTApologies, the previous idea came out weird.
As can be seen a downward pointing wedge has been formed from 12 years of price action. In the last month the platinum price has broken out. Large patterns usually have large movements, when they're broken and I expect the price to march higher.
The Platinum bull market has begun.As can be seen a downward pointing wedge has been formed from 12 years of price action. In the last month the platinum price has broken out. Large patterns usually have large movements, when they're broken and I expect the price to march higher.
