Open:
High:
Low:
Close:
DESCENDING CHANNEL
Platinum
XPT/USD
1H
A descending channel is nearing completion.
When price breaks out, the resulting move could signal a sharp rise.
It is possible that a bullish run towards 1900 will happen.
ASCENDING CHANNEL
Platinum
XPT/USD
4H
There is an ascending channel detected.
An ascending channel is said to depict a pattern with an upward bias that typically identifies that the price to go short in case if price breaks out to the the downside.
Platinum opens door for a move towards 1880.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
An ascending channel is close to completion and the price is ready to break out now.
If price breaks out, the resulting move could spot a further move down.
Decline to 1920 is possible on a breakout of the ascending channel as platinum is at a brink of a bearish breakout.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
There is an ascending channel exposed.
An ascending channel typically predicts a further move down when price breaks out.
Platinum is at risk of extending its slump to the 1920 level.
BULLISH RECTANGLE
Platinum
XPT/USD
1H
A bullish rectangle has been encountered, platinum expects a bullish move as a verification of a breakout.
A bullish rectangle denotes a compelling price pattern that is used to spot that prices are likely to keep rallying upward when price breaks through the resistance.
Platinum aims to complete a retracement to the 1960 zone as weakness seen overdone.
DESCENDING CHANNEL
Platinum
XPT/USD
4H
It seems like a descending channel is detected, platinum requests a more steady move as proof of a breakout.
A descending channel signals a tendency to break in the opposite direction in case if price breaks out to the the upside.
It is not ruled out that a bullish price action towards 1980 will form.
RISING WEDGE
Platinum
XPT/USD
1H
As we can see the price establishes a rising wedge.
A rising wedge provides a price action formation that is angled up that predicts that the price to go down when price breaks through the support.
It is likely that a bearish price action towards 1920 will take place.
RECTANGLE
Platinum
XPT/USD
1H
We can see that the price forms a rectangle, the price is close to breaking out.
Once price breaks out to the the upside, the move could indicate that the price will rally further.
Platinum to move up towards the 1950 mark once beyond 1946.
DESCENDING CHANNEL
Platinum
XPT/USD
4H
There is a descending channel found.
A descending channel identifies a compelling pattern that spots a break during a downtrending market in case if price breaks out to the the upside.
Platinum turns bullish towards 1940 as uptrend may continue.
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