Open:
High:
Low:
Close:
RISING WEDGE
Platinum
XPT/USD
1H
A rising wedge has been noticed.
When price breaks out, the move could spot the bulls have run out of steam.
Platinum to prolong the corrective phase to 1940.
ASCENDING TRIANGLE
Platinum
XPT/USD
4H
It looks like the price shows an ascending triangle and the price is breaking out.
An ascending triangle describes a formation that is used to indicate that the price to go up in case if price breaks out.
There is a chance of a bullish run towards 2050.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
We can see that an ascending channel has been found, the price is ready to break out now.
An ascending channel is believed to be a specific price action indicator that often identifies a break during an uptrending market if price collapses through the support line.
It is possible that a further bearish push down to the 1940 mark will occur.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
There is an ascending channel arising.
An ascending channel depicts a bearish price signal that is used to identify the bulls have run out of steam when price breaks below support.
It is not ruled out that a bearish run towards 1880 will take place.
DESCENDING TRIANGLE
Platinum
XPT/USD
4H
There is a descending triangle noticed, the price is about to break out now.
A descending triangle indicates a move up when price breaks above resistance.
A bullish push up to the 1950 mark is likely on a breakout of the descending triangle.
PENNANT
Platinum
XPT/USD
1H
We can see that a pennant is determined, the price asks for a move as a verification of a breakout.
A pennant can be thought of as a compelling price signal that can be used to predict a bullish price move when price breaks through the resistance.
Platinum to surge considerably towards 1900 on a breakout of the pennant.
BEARISH FLAG
Platinum
XPT/USD
1H
A bearish flag occurs.
A bearish flag provides a reliable price formation that is angled up that can be used to signal a bearish move if price breaks out to the the downside.
Platinum set to accelerate its decline to 1820.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
There is a descending channel arising, the price demands a next bigger move as proof of a breakout.
A descending channel identifies price heading to a new direction if price breaks above resistance.
There is a possibility of a bullish run to 1900 on a breach of 1895.
PENNANT
Platinum
XPT/USD
4H
A pennant appears and the price calls for a more active move as a verification of a breakout.
Once price collapses through the support line, the move could identify a sharp decline.
Extra downside to 1800 is about to happen.
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