Open:
High:
Low:
Close:
RECTANGLE
Platinum
XPT/USD
1H
A rectangle emerges.
If price collapses through the support line, the move could predict extending an downtrend.
A bearish push down to 1900 is probable as downtrend may continue.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
A descending channel appears.
A descending channel suggests a specific bullish signal that often signals a bullish price action when price breaks above resistance.
There is a chance of a bullish continuation towards 1980.
RECTANGLE
Platinum
XPT/USD
1H
A rectangle is close to being complete and the price is ready to break out soon.
When price collapses through the support line, the resulting move could identify extending an downtrend.
Platinum is at risk of extending its slump towards the 1980 mark.
RISING WEDGE
Platinum
XPT/USD
1H
There is a rising wedge exposed, the price is ready to break out.
A rising wedge denotes a technical bearish price pattern that is angled up that often signals a change in price direction if price breaks out.
It is possible that a further move to the 2010 level will take place on a breakdown of the rising wedge as door open for the continuation of the downtrend.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
We can see that a descending channel is close to being complete, platinum calls for a bit more consolidation as a signal of a breakout.
A descending channel often identifies the bears have run out of steam once price breaks above resistance.
A bullish run to 2040 stays on the cards on a breakout of the descending channel.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
A descending channel is almost finished, platinum asks for further bigger rise to confirm descending channel breakout.
A descending channel typically spots that prices are likely to keep rallying upward in case if price breaks through the resistance.
A bullish move to the 2020 level looks probable on a breach of 2010.
BULLISH FLAG
Platinum
XPT/USD
1H
The price sets up a bullish flag, the price breaks out soon.
A bullish flag depicts a reliable price action indicator that typically spots a next move up when price breaks through the resistance.
Platinum opens door for a move to 2040.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
There is an ascending channel found, the price is about to break out now.
An ascending channel suggests a useful chart pattern that is angled up that often spots a further move down once price breakdown occurs.
Platinum embarks on a bearish correction towards the 2020 mark.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
As we can see platinum shapes a descending channel and platinum calls for a strong move as a signal of a breakout.
When price breaks above resistance, the move could signal a next move up.
Platinum to resume its rise to the 2100 level while above 2080.
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