The price develops a rectangle and the price requests a further bearish move as a verification of a breakdown.
A rectangle predicts a move down in case if price breaks out.
XPT/USD to continue the dereciation trend towards the 1065 level.
Platinum: Ascending Triangle
XPT/USD,
4 hours
SHORT
Dec 4
An ascending triangle has been distinguished and XPT/USD asks for a next impulse down as a signal of a breakout.
An ascending triangle can be thought of as a chart formation that typically results in an extension in the downward direction in case if price collapses through the support line.
There is a possibility of a rangebound towards 920 while lower than 932 as XPT/USD loses bullish momentum.
Platinum: Ascending Channel
XPT/USD,
1 hour
SHORT
Mar 28
There is an ascending channel noticed.
An ascending channel can be thought of as a technical chart signal that often results in a bearish price move in case if price breaks below support.
It is not ruled out that decline to the 960 mark will take place.
Platinum: Ascending Channel
XPT/USD,
1 hour
SHORT
Oct 6
The price builds an ascending channel, the price is about to break out.
An ascending channel tends to be a price signal that is used to identify a further move down once price breaks below support.
Platinum pulls away from recent highs to 1600 as the commodity nears 1610 hurdle.
Platinum: Descending Triangle
XPT/USD,
1 hour
LONG
Oct 11
There is a descending triangle determined and the price is breaking out.
When price breaks above resistance, the move could signal that prices are likely to keep rallying upward.
XPT/USD targets a move towards 895 on a breakout of the descending triangle.
Platinum: Rising Wedge
XPT/USD,
1 hour
SHORT
Jun 26
There is a rising wedge found, XPT/USD needs bigger push down as a clue of a breakout.
A rising wedge is considered to be a compelling price action indicator that can be used to indicate a bearish price action when price breaks down.
XPT/USD does not rule out a move towards 925 on a break below 931 as upside pressure alleviates.
Platinum: Bullish Flag
XPT/USD,
1 hour
LONG
Mar 16
There is a bullish flag observed and the price requires a more active move for clear breakout confirmation.
A bullish flag predicts a bearish-to-bullish trend reversal when price breaks above resistance.
XPT/USD to have better chances of advancing towards the 990 level as indicators favor bulls.
Platinum: Descending Channel
XPT/USD,
4 hours
LONG
May 8
There is a descending channel exposed, the price is about to break out.
When price breaks above resistance, the resulting move could spot a trend change to the upside.
It is possible that a bullish price action towards 1080 will occur on a breach of 1076.
Platinum: Rectangle
XPT/USD,
4 hours
SHORT
Sep 25
The price completes a rectangle.
A rectangle is considered to be a reliable bearish price action indicator that indicates a sharp decline if price breaks through the support.
There is a probability of extra downside towards 910 as sell-off may continue.
Platinum: Bearish Flag
XPT/USD,
1 hour
SHORT
Feb 23
It seems like a bearish flag is distinguished, the price is close to breaking out.
A bearish flag identifies a specific price action signal that typically spots reversals in uptrends when price breaks through the support.
A bearish move to 905 is probable while below 907 as downtrend may continue.
Platinum: Descending Triangle
XPT/USD,
1 hour
LONG
Oct 6
We can see that a descending triangle is found.
A descending triangle often results in a bullish move when price breaks out to the the upside.
XPT/USD looks north towards 870 once above 865 as the commodity probes 865 hurdle.
Platinum: Descending Channel
XPT/USD,
4 hours
LONG
Aug 18
There is a descending channel identified, the price wants bigger rise as a sign of a breakout.
A descending channel is said to depict a compelling bullish price indicator that can be used to signal a move up if price breaks out.
XPT/USD looks ready to further extend its gains to 920 on a breach of 912.
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Platinum · XPT/USD