Open:
High:
Low:
Close:
RISING WEDGE
Platinum
XPT/USD
1H
Platinum creates a rising wedge.
A rising wedge represents a useful pattern that has an upward slope that indicates a bearish move in case if price collapses through the support line.
Platinum risks further downside to 1750.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
As we can see a descending channel is distinguished.
A descending channel is said to depict a chart pattern that has a downward slope that typically spots a further move up in case if price breaks out to the the upside.
Platinum hints a change to the upside to the 1760 level as the commodity nears 1745 hurdle.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
It seems like the price sets up a descending channel, platinum wants a next move as a clue of a breakout.
When price breaks out to the the upside, the resulting move could identify a breakout higher.
Platinum to jump to the 1740 zone as door open for the continuation of the uptrend.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
It looks like the price develops a descending channel.
A descending channel typically identifies the bears have run out of steam if price breaks through the resistance.
Platinum to turn bullish towards 1740.
DESCENDING TRIANGLE
Platinum
XPT/USD
1H
A descending triangle is recognized.
If price breaks through the support, the resulting move could predict that the price to go short.
It is possible that a move to the 1700 mark will be made.
RECTANGLE
Platinum
XPT/USD
4H
It looks like the price sets up a rectangle and platinum needs a further strong move as a sign of a breakdown.
A rectangle suggests a reliable signal that typically spots a move down once price collapses through the support line.
A further bearish run to the 1700 level looks possible as platinum nears 1725 hurdle.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
An ascending channel is determined.
An ascending channel denotes a compelling bearish indicator that often signals price reversal after a pause when price breaks out to the the downside.
A further bearish run towards 1750 is about to happen as bears seeking a new low.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
There is an ascending channel noticed and platinum needs a more bigger move for the certainty of breakout.
An ascending channel depicts a bearish formation that can be used to indicate the bulls have run out of steam if price collapses through the support line.
Platinum to head towards the 1760 mark.
FALLING WEDGE
Platinum
XPT/USD
1H
The price completes a falling wedge.
A falling wedge spots a bearish-to-bullish trend reversal in case if price breaks above resistance.
Platinum to grind higher to 1770.
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