A descending channel is noticed, the price calls for a steady impulse up as a sign of a breakout.
A descending channel typically spots a bullish move once price breaks above resistance.
There is a probability of a bullish run to 920 as downside pressure alleviates.
Platinum: Ascending Channel
XPT/USD,
4 hours
SHORT
Nov 6
There is an ascending channel noticed.
An ascending channel is said to depict a reliable price action indicator that is used to signal a break in the price direction if price breaks down.
Decline to 930 is a possibility as the commodity probes 935 hurdle.
Platinum: Rectangle
XPT/USD,
1 hour
LONG
Sep 15
There is a rectangle spotted and XPT/USD requires a bullish action as proof of a breakout.
Once price breaks out, the resulting move could spot that the price to go up.
There is a probability of a further move towards 920.
Platinum: Rectangle
XPT/USD,
4 hours
LONG
Feb 16
We can see that a rectangle is close to being complete, the price asks for a next bigger move as a clue of a breakout.
When price breaks above resistance, the resulting move could spot an extension in the upward direction.
It is likely that a bullish run towards the 920 level will take place as the commodity resumes the upside.
Platinum: Descending Triangle
XPT/USD,
1 hour
LONG
Jul 17
There is a descending triangle occuring.
A descending triangle identifies a move up once price breaks above resistance.
There is a chance of a bullish move to the 982 level.
Platinum: Bullish Flag
XPT/USD,
1 hour
LONG
Dec 12
As we can see a bullish flag has been uncovered.
Once price breaks above resistance, the move could spot that the price to go long.
A further bullish run towards 935 looks possible.
Platinum: Ascending Channel
XPT/USD,
1 hour
SHORT
May 23
An ascending channel has been found, the price lacks a next bigger move for the certainty of breakout.
An ascending channel suggests a useful price action formation with an upward bias that can be used to identify a move down when price breaks out to the the downside.
XPT/USD to head towards 1070 on a breach of 1074 as bears look for entries.
Platinum: Descending Channel
XPT/USD,
4 hours
LONG
Feb 12
Platinum: Rising Wedge
XPT/USD,
1 hour
SHORT
Oct 18
There is a rising wedge discovered, the price is going to break out soon.
A rising wedge signals a bearish move when price collapses through the support line.
There is a possibility of a bearish continuation to 905 on a breach of 909.
Platinum: Rectangle
XPT/USD,
1 hour
SHORT
May 11
A rectangle has been determined and the price is ready to break out.
A rectangle predicts a move down when price collapses through the support line.
XPT/USD to continue lower to 1110 while below 1113.
Platinum: Ascending Triangle
XPT/USD,
4 hours
SHORT
Jul 27
An ascending triangle appears, the price breaks out.
An ascending triangle describes a useful signal that can be used to identify a bearish move once price breaks through the support.
XPT/USD opens door for a move to 965 on a breach of 969.
Platinum: Ascending Channel
XPT/USD,
4 hours
SHORT
Sep 1
There is an ascending channel uncovered, the price calls for a next bearish impulse as a verification of a breakdown.
In case if price breaks through the support, the move could signal a sharp decline.
There is a chance of a move to 960.
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Platinum · XPT/USD