As we can see an ascending channel is close to completion, platinum demands a next bearish continuation for clear breakout confirmation.
An ascending channel is said to depict a technical price action signal that can be used to indicate a next move down once price breaks out.
Further decline towards the 1660 mark is likely to happen.
Platinum: Ascending Channel
XPT/USD,
4 hours
SHORT
Oct 17
There is an ascending channel noticed and the price is going to break out now.
An ascending channel is said to depict a reliable bearish signal that can be used to spot a bearish move if price breaks out.
It is not ruled out that a bearish continuation towards the 1620 mark will happen.
Platinum: Bearish Flag
XPT/USD,
1 hour
SHORT
Oct 21
There is a bearish flag revealed.
A bearish flag provides a price signal that signals a next move down in case if price breaks below support.
Platinum could extend its slump towards 1600 on a breakout of the bearish flag as minor hurdle remains at 1615.
Platinum: Descending Channel
XPT/USD,
4 hours
LONG
Nov 26
There is a descending channel turning up, the price is about to break out now.
A descending channel often spots a move up in case if price breaks above resistance.
A further bullish price action to the 1580 zone is a possibility on a breach of 1565 as bullish momentum increases.
Platinum: Descending Channel
XPT/USD,
1 hour
LONG
Oct 22
It seems like a descending channel is uncovered.
A descending channel typically indicates reversals in downtrends once price breaks through the resistance.
Platinum tests a move towards the 1600 level as there is room for a upside correction.
Platinum: Falling Wedge
XPT/USD,
1 hour
LONG
Oct 22
There is a falling wedge identified, the price is ready to break out now.
A falling wedge often indicates a bullish price action in case if price breaks out to the the upside.
Platinum could attempt a move towards the 1600 level as platinum becomes supported.
Platinum: Ascending Triangle
XPT/USD,
4 hours
LONG
Nov 26
There is an ascending triangle found and the price requests a move as an information of a breakout.
An ascending triangle spots a further move up if price breaks out.
It is likely that a bullish push up towards 1600 will occur on a breach of 1580.
Platinum: Descending Channel
XPT/USD,
4 hours
LONG
Oct 14
There is a descending channel determined and platinum asks for more push up as a verification of a breakout.
A descending channel results in a bullish move when price breaks through the resistance.
Platinum to prolong the growth phase towards 1700.
Platinum: Descending Channel
XPT/USD,
1 day
LONG
Nov 29
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.
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Platinum · XPT/USD