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Platinum · XPT/USD

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Platinum: Pennant

XPT/USD, 1 hour    SHORT 2 days ago
A pennant occurs and XPT/USD expects an active bearish move as an indication of a breakout. A pennant identifies that the price to go down once price collapses through the support line. XPT/USD tests a move to the 1030 mark on a downside break as XPT/USD probes 1034 hurdle.

Platinum: Bullish Flag

XPT/USD, 1 hour    LONG 5 days ago
We can see that a bullish flag is close to being completed, the price asks for a next bullish impulse as an information of a breakout. A bullish flag is believed to be a price indicator that results in an interruption of a downtrend if price breaks through the resistance. XPT/USD to move up towards the 980 mark as indicators turn bullish.

Platinum: Bullish Flag

XPT/USD, 1 hour    LONG 5 days ago
There is a bullish flag materializing and the price is going to break out. A bullish flag depicts a reliable bullish price action formation that has a downward slope that can be used to identify extending an uptrend in case if price breaks above resistance. A move to the 985 zone is a possibility.

Platinum: Ascending Channel

XPT/USD, 4 hours    SHORT Nov 18
As we can see the price completes an ascending channel. An ascending channel typically identifies a pause in an uptrending market once price breaks down. XPT/USD to head to 1040 on a breakout of the ascending channel.

Platinum: Rectangle

XPT/USD, 1 day    SHORT Nov 24
As we can see XPT/USD forms a rectangle. A rectangle is said to depict a useful signal that typically predicts a bearish move in case if price breakdown occurs. It is likely that a bearish push down towards 980 will form.

Platinum: Ascending Channel

XPT/USD, 1 day    SHORT Nov 5
It looks like an ascending channel occurs. An ascending channel represents a useful chart formation that typically predicts a trend change to the downside when price breaks out. XPT/USD is at risk of resuming its decline to 1000 as extra rangebound not ruled out.

Platinum: Ascending Channel

XPT/USD, 1 day    SHORT Nov 20
There is an ascending channel appearing, XPT/USD calls for a steady move as an information of a breakout. When price breaks out, the resulting move could identify a bearish price move. A move to the 1040 zone looks possible on a breach of 1045 as indicators turn bearish.

Platinum: Ascending Channel

XPT/USD, 4 hours    SHORT Nov 16
An ascending channel develops and the price expects an active bearish action to confirm a breakdown. An ascending channel describes a bearish formation that is used to spot that the price to go down when price breakdown occurs. It is not ruled out that corrective downside to the 1060 zone will be made.

Platinum: Rectangle

XPT/USD, 1 day    LONG Oct 15
It looks like a rectangle has been uncovered. A rectangle suggests a compelling bullish price indicator that typically spots that the price to go up in case if price breaks above resistance. A bullish push up to 1040 is possible as bulls looking for upside correction.

Platinum: Ascending Channel

XPT/USD, 4 hours    SHORT Nov 17
An ascending channel has been uncovered and XPT/USD expects bigger fall as an information of a breakdown. An ascending channel provides a compelling signal that is used to spot a bearish price action if price breaks down. XPT/USD accelerates losses towards 1060.

Platinum: Descending Channel

XPT/USD, 1 hour    LONG Nov 1
A descending channel has been observed. In case if price breaks out to the the upside, the resulting move could predict that the price to go long. XPT/USD dives out bearish trendline towards 1030 on impulse above 1024.

Platinum: Descending Channel

XPT/USD, 1 day    LONG Dec 23
It looks like a descending channel has been determined. A descending channel is considered to be a bullish price action formation that can be used to spot that the price to go long if price breaks out. XPT/USD to increase bullish potential to 1000 on a breakout of the descending channel.
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