There is a falling wedge turning up.
A falling wedge predicts a bullish price move when price breaks through the resistance.
A rangebound to the 900 mark is going to happen once above 895 as the commodity challenges 895 hurdle.
Platinum: Pennant
XPT/USD,
1 hour
SHORT
Dec 6
A pennant is almost done, XPT/USD wants a bigger bearish impulse as a signal of a breakout.
A pennant provides a compelling bearish chart indicator that is used to predict a bearish move in case if price breaks below support.
XPT/USD embarks on a bearish correction to the 900 level on a breach of 903.
Platinum: Symmetrical Triangle
XPT/USD,
4 hours
LONG
Jan 24
It looks like a symmetrical triangle appears, XPT/USD requires a bigger move as a verification of a breakout.
When price breaks through the resistance, the resulting move could spot that the price will rally further.
XPT/USD to continue the appreciation trend towards the 920 mark as minor hurdle remains at 914.
Platinum: Pennant
XPT/USD,
4 hours
SHORT
Apr 28
A pennant is identified, the price calls for further fall for clear breakout confirmation.
A pennant often identifies a move down once price collapses through the support line.
A move to 1080 stays on the cards.
Platinum: Descending Triangle
XPT/USD,
1 hour
SHORT
Jan 4
A descending triangle is spotted and XPT/USD demands a more steady move to confirm a breakdown.
A descending triangle typically identifies that the price to go short in case if price breakdown occurs.
A bearish run to 970 is going to happen on a breakout of the descending triangle as XPT/USD becomes under pressure.
Platinum: Falling Wedge
XPT/USD,
1 hour
LONG
Aug 4
There is a falling wedge occuring.
A falling wedge is believed to be a formation with a downward bias that can be used to spot a tendency to break in the opposite direction once price breaks above resistance.
XPT/USD dives out bearish trendline towards the 925 zone.
Platinum: Ascending Channel
XPT/USD,
4 hours
SHORT
Feb 1
It looks like an ascending channel is almost completed.
When price breaks down, the resulting move could spot a break in the price direction.
A bearish price action to 910 is on the cards as the commodity keeps the bid tone.
Platinum: Symmetrical Triangle
XPT/USD,
1 hour
LONG
Mar 17
There is a symmetrical triangle spotted and XPT/USD requires a next steady move as proof of a breakout.
Once price breaks out to the the upside, the move could predict a sharp rise.
XPT/USD hints a change to the upside to 990 as the commodity nears 982 hurdle.
Platinum: Rectangle
XPT/USD,
4 hours
LONG
Mar 31
There is a rectangle noticed and XPT/USD expects a strong move as proof of a breakout.
A rectangle depicts a compelling bullish signal that often results in a next move up in case if price breaks out to the the upside.
A bullish move towards the 1000 mark is not ruled out on a breakout of the rectangle.
Platinum: Ascending Channel
XPT/USD,
4 hours
SHORT
Jun 8
There is an ascending channel coming out and the price is ready to break out now.
If price breaks out to the the downside, the resulting move could indicate a bearish price move.
XPT/USD to slide towards the 1020 mark once below 1026.
Platinum: Ascending Channel
XPT/USD,
1 hour
SHORT
May 18
We can see that an ascending channel pops up.
An ascending channel identifies a reliable chart indicator that often results in a next move down in case if price breakdown occurs.
A further rangebound towards the 1070 zone about to be made as door open for a test of 1070.
Platinum: Ascending Channel
XPT/USD,
1 hour
SHORT
Jan 25
There is an ascending channel emerging and XPT/USD requires a bigger correction as a clue of a breakout.
When price breaks down, the resulting move could identify a further move down.
There is a chance of a further bearish push down to 905 once below 908.
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Platinum · XPT/USD