As we can see a descending channel develops, the price is about to break out.
A descending channel is said to depict a useful price pattern that is angled down that can be used to indicate an interruption of a downtrend when price breaks out.
XPT/USD does not rule out a move towards the 1080 level on a break above 1074.
Platinum: Rising Wedge
XPT/USD,
1 hour
SHORT
Nov 6
As we can see a rising wedge forms.
In case if price breakdown occurs, the resulting move could identify that the price to go down.
XPT/USD to continue the dereciation trend to 930 on a breach of 936.
Platinum: Ascending Channel
XPT/USD,
1 hour
SHORT
Feb 21
XPT/USD sets up an ascending channel, the price requires a next active move as a verification of a breakout.
An ascending channel denotes a compelling bearish indicator that is used to predict reversals in uptrends if price collapses through the support line.
There is a chance of a bearish run to 910.
Platinum: Ascending Triangle
XPT/USD,
1 hour
SHORT
Aug 14
There is an ascending triangle diagnosed.
An ascending triangle typically spots a move down if price breaks through the support.
It is possible that corrective downside towards the 910 zone will take place.
Platinum: Descending Channel
XPT/USD,
1 hour
LONG
Oct 25
XPT/USD completes a descending channel.
A descending channel typically identifies a move up if price breaks through the resistance.
XPT/USD looks ready to further extend its gains to the 900 zone as indicators favor bulls.
Platinum: Bearish Flag
XPT/USD,
4 hours
SHORT
Sep 20
It seems like a bearish flag appears, XPT/USD lacks a more bigger move for clear breakout confirmation.
In case if price breaks through the support, the resulting move could identify a break in the price direction.
It is possible that a bearish price action towards the 930 level will occur.
Platinum: Pennant
XPT/USD,
4 hours
LONG
Sep 14
There is a pennant turning up and the price breaks out.
A pennant tends to be a bullish chart pattern that can be used to indicate the bears have run out of steam if price breaks above resistance.
A bullish push up to the 920 mark is likely to happen on a breach of 910 as indicators turn bullish.
Platinum: Ascending Triangle
XPT/USD,
1 hour
SHORT
May 29
We can see that an ascending triangle is very close to being finished.
An ascending triangle denotes a compelling bearish chart pattern that typically signals prices are likely to keep falling downward once price breaks out to the the downside.
There is a probability of a bearish push down to the 1030 level.
Platinum: Descending Channel
XPT/USD,
1 hour
LONG
Mar 29
A descending channel has been determined and the price breaks out.
A descending channel identifies a useful price formation that can be used to identify a next move up once price breaks out to the the upside.
XPT/USD to jump to 980 as uptrend may continue.
Platinum: Ascending Channel
XPT/USD,
1 hour
SHORT
Apr 27
There is an ascending channel materializing and the price wants a more move as a verification of a breakout.
An ascending channel is considered to be a specific indicator that often spots that the price to go short once price breaks out to the the downside.
A further bearish run to the 1100 zone looks likely.
Platinum: Bullish Flag
XPT/USD,
1 hour
LONG
Dec 12
There is a bullish flag poping up.
When price breaks above resistance, the resulting move could identify a bullish move.
It is likely that a bullish move to 930 will form.
Platinum: Rectangle
XPT/USD,
1 hour
LONG
Feb 6
We can see that a rectangle has been discovered and the price is ready to break out.
A rectangle can be thought of as a reliable signal that spots a bullish price action when price breaks out to the the upside.
There is a possibility of a bullish push up to 908 on a break above 907.
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Platinum · XPT/USD