Open:
High:
Low:
Close:
FALLING WEDGE
Platinum
XPT/USD
1H
There is a falling wedge noticed.
A falling wedge describes a price pattern that often predicts an extension in the upward direction once price breaks through the resistance.
There is a chance of a bullish push up towards 2220.
ASCENDING TRIANGLE
Platinum
XPT/USD
1H
An ascending triangle has been uncovered and the price requires a more bigger bearish impulse to confirm ascending triangle breakdown.
An ascending triangle typically identifies prices are likely to keep falling downward when price breaks out to the the downside.
Platinum to accomodate towards 2180.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
There is an ascending channel poping up.
An ascending channel typically predicts that the price to go short when price breaks through the support.
A bearish push down towards 2180 looks possible once below 2200.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
It seems like an ascending channel has been revealed, the price demands a bigger move for clear breakout confirmation.
In case if price breakdown occurs, the move could identify a break during an uptrending market.
A bearish push down towards the 2200 zone is on the cards as the commodity becomes under pressure.
RISING WEDGE
Platinum
XPT/USD
1H
Platinum establishes a rising wedge, platinum lacks a bigger correction to confirm a breakout.
A rising wedge represents a compelling signal that signals extending an downtrend once price breaks through the support.
Platinum targets a move towards 2150.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
A descending channel has been observed, the price is breaking out.
A descending channel can be thought of as a technical bullish chart indicator that typically spots an extension in the upward direction once price breaks through the resistance.
Platinum to move upward to 2140 on a breach of 2140 as extra rangebound not ruled out.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
It looks like a descending channel pops up.
A descending channel depicts a specific bullish price action indicator that can be used to signal a breakout higher if price breaks out to the the upside.
A bullish run towards the 2200 mark is going to happen.
DESCENDING TRIANGLE
Platinum
XPT/USD
1H
There is a descending triangle poping up, platinum requires a more bearish move to confirm descending triangle breakdown.
Once price breaks below support, the move could predict prices are likely to keep falling downward.
It is likely that extra downside to the 2080 zone will be made as platinum challenges 2100 hurdle.
FALLING WEDGE
Platinum
XPT/USD
1H
A falling wedge has been spotted, the price needs a next active bullish impulse for the certainty of breakout.
A falling wedge signals a change in the prevailing trend in case if price breaks out.
Platinum pushes higher to the 2160 zone.
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