An ascending channel has been detected, the price is close to breaking out soon.
An ascending channel provides a specific bearish chart indicator that is used to indicate a next move down in case if price breaks below support.
A rangebound towards the 1700 mark is on the cards.
Platinum: Descending Triangle
XPT/USD,
1 hour
LONG
Sep 25
It looks like a descending triangle develops and the price is breaking out.
When price breaks through the resistance, the resulting move could predict extending an uptrend.
Platinum to look for a further push to 1485 once above 1481 as minor hurdle remains at 1481.
Platinum: Rectangle
XPT/USD,
1 hour
LONG
Dec 27
There is a rectangle developing, XPT/USD requests a more strong move to confirm a breakout.
A rectangle denotes a pattern that typically signals a further move up in case if price breaks out.
A bullish push up to 988 is on the cards while above 988.
Platinum: Ascending Triangle
XPT/USD,
1 hour
LONG
Feb 23
An ascending triangle takes place, the price calls for a next active impulse up for the certainty of breakout.
An ascending triangle can be thought of as a pattern that typically results in a bullish price move when price breaks above resistance.
There is a probability of a bullish push up to the 910 level once beyond 908 amid XPT/USD reclaims part of the ground lost.
Platinum: Descending Channel
XPT/USD,
1 hour
LONG
Nov 26
A descending channel happens, the price is close to breaking out now.
Once price breaks out, the resulting move could spot a bullish price action.
Platinum to continue higher to 1570 on a breakout of the descending channel as there is room for a upside correction.
Platinum: Falling Wedge
XPT/USD,
4 hours
LONG
Nov 24
There is a falling wedge taking place, platinum requests a more bigger move as evidence of a breakout.
A falling wedge denotes an indicator that can be used to signal a bullish price move in case if price breaks through the resistance.
Platinum to maintain its positive tone to 1560 as the commodity becomes bid.
Platinum: Descending Triangle
XPT/USD,
4 hours
LONG
Feb 15
We can see that a descending triangle is identified.
A descending triangle identifies a technical chart pattern that can be used to indicate that prices are likely to keep rallying upward in case if price breaks through the resistance.
XPT/USD to increase bullish potential to the 910 mark on a breakout of the descending triangle.
Platinum: Ascending Channel
XPT/USD,
1 hour
SHORT
Oct 8
There is an ascending channel encountered, platinum requests a more strong move for clear breakout confirmation.
An ascending channel is believed to be a price pattern with an upward bias that can be used to spot a bearish move when price breaks through the support.
Platinum could extend its slump to 1640 on a downside break as the commodity sticks to the negative mood.
Platinum: Descending Triangle
XPT/USD,
1 hour
LONG
14 hours ago
There is a descending triangle developing and platinum demands a next active bullish impulse as an indication of a breakout.
A descending triangle results in that the price to go long in case if price breaks out to the the upside.
Platinum to move upward to 1660.
Platinum: Descending Triangle
XPT/USD,
1 day
LONG
Nov 27
There is a descending triangle encountered, the price breaks out soon.
A descending triangle can be thought of as a specific bullish price formation that can be used to signal extending an uptrend if price breaks out.
There is a possibility of a rangebound to 1600 on a breach of 1580.
Platinum: Pennant
XPT/USD,
1 hour
SHORT
May 1
It seems like a pennant is close to completion.
A pennant typically predicts the bulls have run out of steam once price breaks through the support.
XPT/USD risks extra losses towards 1075.
Platinum: Ascending Channel
XPT/USD,
1 day
SHORT
Jan 11
We can see that an ascending channel is close to being completed and the price requests more pullback as an information of a breakout.
An ascending channel denotes a reliable chart signal that often results in a next move down in case if price breaks down.
XPT/USD does not rule out a move towards the 900 zone while lower than 920 as risk reversal sheds bullish bias.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Platinum · XPT/USD