TPL1! trade ideas
Platinum Short BiasSo it dropped as mentioned in my previous analysis. Check the linked post.
Happy Trading
Short PL - Day TradePL making lower lows and lower highs
Short at yesterday's close with SL at 846, target 834 (40 WMA - where there was quite a bit of traffic i.e. volume)
Daily ATR: 14.5
Platinum buy signalsPlatinum (PL), Monthly chart: 15 years long(!) support zone + Divergence on RSI(14) + Harami candle pattern. BUT we didn't break resistance line yet
Platinum short biasWelcome to everyone.
i just want to share a small thing here about xptusd. There is daily strong supply CP which would actually take some time to break. How it is strong? Because zone 1 (said CP) have been broken the previous strong demand (zone2).
There are some rules in supply and demand which we follow strictly that never allows right now to go long more.
Lets see what gonna happen.
Happy Trading.
EPLV19 STRONG BULLISH MOMENTUMUsing the downloadable TUX EMA and CCI platinum is regaining lost ground. Strong rebound above EMA 5, EMA 14, SMA 50 and SMA 150. At time of publishing, target nearest TP at 828.2.
Let's see how this fares! Godspeed.
Platinum continuation after consolidation?Not financial advice. I’m not a financial advisor. I’m learning to trade. Learn to trade!
Looking like confirmation of a breakdown from bear pennant. Target @ the 755 region
Possibility of a pullback to pattern apex with moving averages above as resistance
PL ready to move up?Platinum's pattern is less clear to me because of the double overlapping 1-2s from middle of 2017.
It is retested the long term downward sloping trend and has made a move up significantly as of my writing today. It is testing the downward sloping line it created since the beginning of map.
Looks like it will make an attempt at the 200dma. Overall I'm leaning towards a long like Silver & Gold.
Watching PlatinumWatching closely to see if Platinum continues its move up. into a 3rd wave from its low of $770.
It is hitting the bottom of significant resistance.
Instead of the 3rd wave, the pattern could be an A B C from its low. If it pulls back below 878 it would be a good sign that this could very much be the C-wave being completed and it will target new lows
Platinum Buy & SellI think platinum has now completed leg C and is on its way up to leg D before sellers come in again. It may extend further down a bit more before going up but i think this is a good level to buy before shorting again.
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk
BAT Pattern Forming in Weekly Platinum Target 980-1000.PL
I am learning the Harmonic Pattern these 2 week, and this is my first Harmonic Pattern Post.
Do correct me if i am wrong here.
First i find the opportunity in rectangle Base breakout and Weekly down trend line broken with Target 980.
And also spot the potential Beautiful BAT pattern and coincide with the Target price as seen in the rectangle box target.
I am expecting this Pattern will work out in the reality with very high probability.
Wish All A Happy Trading Day and
Always Trade With High Degree of Discipline and Follow Your own TraderWorkFlow.
Click Agreed with me or Follow me if you like my Post. Thank.
1st Week April - Week of Platinum - LongPL
First Week of April 2019 if it was declared as Week of Platinum believe no body will deny it.
See what Platinum is doing last week as compare to its tiers like Silver and Gold.
Platinum broken its multi year Weekly Down trend Channel and Breakout the multi week consolidation zone and Stand above 900 Mark.
Based on the Box Pattern, my humble view will see platinum hit 50% level @940 and 980 (100%) or maybe 1000 Mark in near future.
Wish All A Happy Trading Day and
Always Trade With High Degree of Discipline and Follow Your own TraderWorkFlow.
Click Agreed with me or Follow me if you like my Post. Thank.
Is it the bottom for platinum?Platinum has been in downtrend for quite a long time and some time ago reached its minimum levels since 2008. but since downtrend is not finished yet, is it a good idea to buy @ $850-900 and hold it to $1000-1200 at least?
PL Bottoming Pattern False BreakDown And Flip - 4HPL 4H Trade View
Bottom Pattern : False BreakDown And Flip
Day View : Range Bounce Consolidation Stage
20MA : Price above 20MA
Stochastic : Bottoming and turning up
PL NeutralShortern Trade : SHORT
PL reaching the Weekly Down Trend Line Resistance and Daily Topping Pattern. (yet to confirm)
It might have many Hourly Short Trade to Capture quick retracement.
Such as Head is forming in Level 880 but yet to confirmed.
Longer Term Trade : LONG
However High Cautious Need to be watch out for as Daily :
MACD is making fresh new high -- More up side can be expected with MACD divergence in coming days to week
Stoch above 80 dead cross in super strong uptrend, possibly is to find LONG point not Short POINT.
