There is a rising wedge exposed and the price is ready to break out soon.
A rising wedge often predicts a break in the price direction if price collapses through the support line.
XPT/USD set to accelerate its decline to the 980 level on a downside break.
Platinum: Falling Wedge
XPT/USD,
4 hours
LONG
Sep 19
Platinum: Ascending Channel
XPT/USD,
1 hour
SHORT
Oct 17
An ascending channel is nearing completion and platinum expects a next strong move to confirm a breakdown.
If price breaks through the support, the resulting move could indicate a further move down.
A move to the 1700 level is on the way as bears looking for profit.
Platinum: Bearish Flag
XPT/USD,
4 hours
SHORT
Sep 21
XPT/USD establishes a bearish flag, the price is breaking out.
A bearish flag depicts a technical price pattern that is angled up that spots price reversal after a pause if price breaks down.
XPT/USD looks for a setback to 910.
Platinum: Descending Channel
XPT/USD,
1 hour
LONG
Aug 28
We can see that a descending channel has been spotted, the price needs a further bullish impulse as an indication of a breakout.
If price breaks out to the the upside, the resulting move could indicate a countertrend succeeding the current trend.
XPT/USD now looks towards 955 on a breach of 952.
Platinum: Rectangle
XPT/USD,
1 day
LONG
May 20
Platinum: Bullish Flag
XPT/USD,
1 hour
LONG
Oct 8
There is a bullish flag found and the price asks for a further move as proof of a breakout.
A bullish flag tends to be a technical price action pattern that is used to indicate a trend change to the upside in case if price breaks out to the the upside.
Platinum to maintain its positive tone to the 1660 zone.
Platinum: Descending Channel
XPT/USD,
1 hour
LONG
Dec 7
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: Falling Wedge
XPT/USD,
1 hour
LONG
Sep 25
It seems like platinum shows a falling wedge, the price is close to breaking out.
A falling wedge is said to depict a technical bullish pattern that predicts a next move up if price breaks out to the the upside.
Platinum to continue higher towards 1480 as there is room for a upside correction.
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.
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Platinum · XPT/USD