Platinum: 1M outlook As above....
Big descending triangle on the monthly chart. Statistically a much better chance of breakout for a bull run in the distant future.... 2025??
Will follow.
Good luck traders.
PLATINUM trade ideas
Is platinum planning its Bullrun!? ….Nobody has been talking about platinum… it had been consolidated and stopped in a same area since October 2015… and big drop went nearly below inside 570 area.. but then went back in a same zone again and again and this year again.
What if it’s finally find its bottom in all of this time? Is it ready for a bullrun ? Last time it had a bullrun since 2008 and it had been 15 YEARS. 15 YEARS …
Is it now time for a big bullrun of it is then highly suggest to buy it now.
2300 is the most recent ATH since 2008 on that bullrun.. if 880 area is the bottom all this time then made a huge dip from 570 area then it looked like could be ready for a bullrun.
My profit take is 3500 if this really looks like a bullrun honestly it does to me when I found that upper trend line with that flat support zone in a same area
XPTUSD ShortElite Strategy Execution
Followed all confirmations
Executed in 5 minute time frame
Transitional switch in 1m, 3m, 5m confirmed a short inside daily market structural zone.
Targeting 1:3 Trade
Risked 0.5%
Max Targets will be lower liquidity structural zones or pools.
Entry: 844.500
Stop Loss: 860.00
TP1- 829.00
TP2- 813.50
TP3- 798.00
**For educational purposes, this is not financial advice.
For sell or On sale??Looking for an entry within the next couple of days, considering that this is a metal, my stop is fairly tight 200 pips stop lol. However, after carefully taking steps to understand how markets fluctuate, at premium zones, I've decided to make my potential last trade of the year on xpt/usd.
There are no fundamentals behind this...this is pure technical, lately I've shyed away from technical trading however I couldn't pass up how beautific this pair looked from a monthly stand point, price has retraced to my POI returning back to a monthly demand zone after a ChofC. I will set an buy limit for this zone on my metatrader 4.
I'm not a financial advisor, don't not overleverage protect your account fool!!! Good luck!
Platinum sitting at a major support!although the longterm trend is bearish but there is a strong potential for this precious metal to get support at this level.
The rising market of metals is probableGreetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes.
It's important to understand that making an error in analysis is not a fault, but evading responsibility is.
No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get.
We analyze from multiple perspectives to consider all possibilities.
Let's mention a few opinions and ideas!
Based on mathematics.
I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future.
Thank you for your continued support, and I look forward to our mutual success.
Best regards,
Mr. Nobody
Keep trying and never give up.
Good luck!
Platinum SHORT to $828 and rebound to $972TVC:PLATINUM chart has crossed MA 200 and started its fallen to $828 (-16.35%) price target for 85 days. Then during 60 days it might go up to $972 (+17.50%). After that - flat for 320 day before sharp fallen.
RSI and MACD are similar to the chart in 2012-2013 rectangle shape.
PLATINUMPlatinum experienced a marginal rise, potentially due to geopolitical concerns. Looking at the daily chart, the metal's price made an attempt but fell short of surpassing the $894.82 level, which corresponds to the 20-EMA. It also tested the upper trendline of a wedge pattern. Notably, the RSI broke above its previous downtrend, indicating a moderately bullish sentiment, similar to what we observed in July and August 2023.
If the price manages to break out above the wedge's trendline, there's potential for the price to move towards $914 and possibly extend to $926.
On the downside, the initial price momentum may have been influenced by geopolitical tensions. If the upper trendline continues to act as resistance, we could see the price retreat back to the $860 level.
XPTUSD bottomed and has almost +30% upside potential.Platinum (XPTUSD) is testing (and so far failing to break) the 1D MA50 (blue trend-line) after a rebound on the bottom (Higher Lows trend-line) of the long-term Channel Up structure. A break above the 1D MA50 but mostly the Lower Highs trend-line, would confirm the bullish bias on such a low price action, with considerable upside potential.
As you can see the current bottom formation is very similar to the one that led to the September 01 2022 Low. The 1D RSI fractals are identical and will be confirmed if it continues on Higher Lows.
As a result we do have a low risk buy signal on the current level but it is not confirmed yet and needs to break above the Lower Highs to do so. Our long-term target is the 1100, which represents a +28.55% rise from the bottom, similar to the November 11 2022 peak.
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Large flat pattern finished?? Bullish MarketGreetings, dear friends. I hope you are having a productive week.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes.
It's important to understand that making an error in analysis is not a fault, but evading responsibility is.
No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get.
We analyze from multiple perspectives to consider all possibilities.
Let's mention a few opinions and ideas!
Based on mathematics.
I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future.
Thank you for your continued support, and I look forward to our mutual success.
Best regards,
Mr. Nobody
Keep trying and never give up.
Good luck!
Big Expanded Flat Is Done?? Or One Leg Downside!Greetings, dear friends. I hope you are having a productive week.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes.
It's important to understand that making an error in analysis is not a fault, but evading responsibility is.
No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get.
We analyze from multiple perspectives to consider all possibilities.
Let's mention a few opinions and ideas!
Based on mathematics.
I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future.
Thank you for your continued support, and I look forward to our mutual success.
Best regards,
Mr. Nobody
Keep trying
Palatium USD Long Idea This is an prediction of XPTUSD of Long Trend Continuation that I expect it to go more up and make us Profit.
Platinum H4 Projection Platinum is in a bearish trend as mentioned in the price chart. if Price respects this trendline and closes below the zone mentioned zone and also from the trendline then we can initiate a short sell.
Good Luck .
XptusdThe deep crab is a variation of the normal crab pattern. It is still a 5-point extension, and it still has the endpoint, D, at the 161.8 percent extension of XA, but the little difference is in the AB=CD importance.
The most distinguishing component of this pattern is the importance of the particular 88.6 percent retracement point of B. Together with the crab pattern; the d
Trade of the Week : Payper Trade Mark up Date: Sept. 24 2023
- Payper Trade
Trade setup: When the market is moving sideways use the box tool to identify the market consolidating. We are waiting for a break and retest for either a SELL or a BUY.
Execute: Clear break and retest from top or bottom of box.
Standard Rules
*Position Type: Limit orders and Market Execution orders ONLY
* SET AN ALRAM
THIS TRADE HIT TP IS LESS THAN 12 HRS AFTER OUR SUNDAY TRADING SESSION
TP 1: 100pips
TP 2: 200pips
TP 3: 300pips
XPTUSD Solid buy entry but not confirmed yet.Platinum (XPTUSD) is trading around the 1D MA50 (blue trend-line) after a rebound on the bottom (Higher Lows trend-line) of a potential long-term Channel Up structure. This is the 2nd time it bounces off the Higher Lows and the 4th within the 7-month Support Zone.
The 1D MACD made a Bullish Cross last week and is on Higher Lows since June 30. The very same Triple Bottom formation on a Higher Lows MACD can be seen on the previous bottom. The Lower Highs trend-line break-out didn't confirm the bullish signal, it had to be a break above the 1D MA200 (orange trend-line) to give the confirmation. As you can see on both fractals the price got rejected on the 1D MA200 (August 11 2022 and July 18 2023) before it bottomed.
As a result we may have a low risk buy signal on the current level but it is not confirmed yet and needs to break above the 1D MA200 to do so. Our long-term target is the Top of the Resistance Zone at 1130.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
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Platinum- New test of 1k zone?Since the beginning of July, Platinum has been trading in a 100 USD range, between 900 and 1000 USD per ounce (more or less).
The start of September found the price at the bottom of this range and the price has started to rise again.
A first leg up followed and after XptUsd reached 950, a correction started.
Yesterday we had a reversal in price from interim support around 927 and a new leg up could be next.
Bulls are favored as long as the price is above yesterday's low in terms of daily close and, swing traders who target the upper boundary of the race could achieve an impressive 1:3 risk: reward.
As in the case of Silver and Gold, I'm also bullish on Platinum.
How about those Platinum stocks?The time may soon be arriving to take a dip into the badly beaten PGM boys. Looking at the Platinum price (USD), it is obvious just how much pressure the metal has been under. There is a technical support level fast approaching and I think that level is close to $890.00/oz. Price action suggests over-sold now in the short term so a bounce from that level should see the price attempt a run back up to the 50day moving average which (for now) is around $937.00.
This should support a bounce in local platinum stocks, assuming we don't get any currency shocks.
PLATINUM, This Formation Possibly Provides Proper Setup!Hello Traders Investors And Community,
Welcome to this analysis where we are looking at PLATINUM 4-hour timeframe perspective, the recent events, the current formation, and how possible set-ups can resulting out of it.
PLATINUM is trading in this huge possible rising-triangle-formation marked in blue which can reverse the established bullish trend to the downside as it already begins to struggle while it is approaching important resistance levels formed by past price-action. The wave-count you can watch is matching also this triangle which will confirm when the price the last time touches the upper boundary to confirm it bearish , therefore the whole formation will be confirmed with a close below the lower boundary and a possible additional confirmation of it which will show the proper short-side setup to be traded, although the aggressive immediate entry is also possible here the conservative waiting on the right confirmation will be way smarter. Targets will be way down in the structure and when the minimum targets achieved at around 900 there can come more bearish pressure, in this case, it is important to examine further.
In this manner, thank you for watching the analysis, support for more market insight and all the best.
"Trading effectively is about accessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the market.
PLATINUM: Excellent buy signal at the bottom of a Rectangle.Platinum (XPTUSD) is rebounding after entering the S1 Zone, which is the bottom part of the Rectangle pattern that has been keeping the price action sideways for the past three months. The 1D technical outlook is neutral (RSI = 45.406, MACD = -7.150, ADX = 37.615) as a result, which justifies this ranged price action. The 1D RSI is rising on a HL trendline, thus we use this low price level to go long and target the 1D MA200 and the R1 Zone (TP = 983.00).
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PLATINUMHi....besed on my thought process if platinum comes toward 800$ ....it will be undervalue and surely i will buy that in hefty amount ......Looooook at this beautiful trend line (it goes back to 2000).
Gooooood Luuuuuck
