There is a descending channel diagnosed, XPT/USD needs a further strong move as a verification of a breakout.
In case if price breaks through the resistance, the move could predict a bullish price move.
There is a possibility of a bullish push up towards the 960 zone as bulls seeking a new high.
Platinum: Descending Triangle
XPT/USD,
1 hour
LONG
Oct 30
A descending triangle emerges and XPT/USD calls for a bigger bullish impulse as a clue of a breakout.
A descending triangle suggests a bullish chart formation that typically spots a bullish price action when price breaks through the resistance.
XPT/USD to continue the appreciation trend towards 920 on a upside break.
Platinum: Rectangle
XPT/USD,
1 hour
LONG
Mar 10
There is a rectangle found and the price is about to break out now.
A rectangle often indicates an extension in the upward direction when price breaks out.
There is a probability of a further move to the 965 mark.
Platinum: Descending Channel
XPT/USD,
1 day
LONG
Nov 22
It seems like XPT/USD completes a descending channel, XPT/USD expects further steady rise as an information of a breakout.
A descending channel typically indicates a trend change to the upside if price breaks above resistance.
XPT/USD to move upward towards the 960 level as indicators turn bullish.
Platinum: Rectangle
XPT/USD,
1 hour
LONG
Dec 27
There is a rectangle developing, XPT/USD requests a more strong move to confirm a breakout.
A rectangle denotes a pattern that typically signals a further move up in case if price breaks out.
A bullish push up to 988 is on the cards while above 988.
Platinum: Ascending Triangle
XPT/USD,
1 hour
LONG
Feb 23
An ascending triangle takes place, the price calls for a next active impulse up for the certainty of breakout.
An ascending triangle can be thought of as a pattern that typically results in a bullish price move when price breaks above resistance.
There is a probability of a bullish push up to the 910 level once beyond 908 amid XPT/USD reclaims part of the ground lost.
Platinum: Descending Triangle
XPT/USD,
4 hours
LONG
Feb 15
We can see that a descending triangle is identified.
A descending triangle identifies a technical chart pattern that can be used to indicate that prices are likely to keep rallying upward in case if price breaks through the resistance.
XPT/USD to increase bullish potential to the 910 mark on a breakout of the descending triangle.
Platinum: Pennant
XPT/USD,
1 hour
SHORT
May 1
It seems like a pennant is close to completion.
A pennant typically predicts the bulls have run out of steam once price breaks through the support.
XPT/USD risks extra losses towards 1075.
Platinum: Ascending Channel
XPT/USD,
1 day
SHORT
Jan 11
We can see that an ascending channel is close to being completed and the price requests more pullback as an information of a breakout.
An ascending channel denotes a reliable chart signal that often results in a next move down in case if price breaks down.
XPT/USD does not rule out a move towards the 900 zone while lower than 920 as risk reversal sheds bullish bias.
Platinum: Rising Wedge
XPT/USD,
1 hour
SHORT
Mar 23
There is a rising wedge exposed and the price is ready to break out soon.
A rising wedge often predicts a break in the price direction if price collapses through the support line.
XPT/USD set to accelerate its decline to the 980 level on a downside break.
Platinum: Bearish Flag
XPT/USD,
4 hours
SHORT
Sep 21
XPT/USD establishes a bearish flag, the price is breaking out.
A bearish flag depicts a technical price pattern that is angled up that spots price reversal after a pause if price breaks down.
XPT/USD looks for a setback to 910.
Platinum: Descending Channel
XPT/USD,
1 hour
LONG
Aug 28
We can see that a descending channel has been spotted, the price needs a further bullish impulse as an indication of a breakout.
If price breaks out to the the upside, the resulting move could indicate a countertrend succeeding the current trend.
XPT/USD now looks towards 955 on a breach of 952.
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Platinum · XPT/USD