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.
Platinum: Rectangle
XPT/USD,
1 hour
SHORT
Sep 1
It seems like a rectangle develops and the price is breaking out.
In case if price breakdown occurs, the resulting move could predict prices are likely to keep falling downward.
XPT/USD tests a move towards the 970 mark as gains remain capped.
Platinum: Ascending Channel
XPT/USD,
4 hours
SHORT
Nov 2
It looks like an ascending channel is noticed, the price calls for a bearish action for clear breakout confirmation.
If price breaks out to the the downside, the resulting move could identify a move down.
XPT/USD risks extra losses towards 920.
Platinum: Pennant
XPT/USD,
1 hour
SHORT
Mar 14
There is a pennant taking place, the price calls for a next strong move for clear breakdown confirmation.
If price breakdown occurs, the resulting move could predict the bulls have run out of steam.
XPT/USD could attempt a move towards the 980 mark while below 992 as upside pressure alleviates.
Platinum: Pennant
XPT/USD,
4 hours
SHORT
Nov 6
A pennant is spotted, the price calls for a next bearish action to confirm pennant breakout.
A pennant can be thought of as a compelling bearish signal that often predicts prices are likely to keep falling downward if price breakdown occurs.
XPT/USD does not rule out a move towards 920 on a downside break as the commodity keeps the bid tone.
Platinum: Ascending Channel
XPT/USD,
4 hours
SHORT
Jan 2
We can see that the price creates an ascending channel.
An ascending channel is said to depict a reliable chart indicator that can be used to indicate price reversal after a pause in case if price breaks through the support.
There is a chance of corrective downside towards 980.
Platinum: Rectangle
XPT/USD,
1 day
LONG
Dec 15
There is a rectangle found and the price asks for a next strong move as a verification of a breakout.
A rectangle is said to depict a specific price indicator that is used to predict an extension in the upward direction once price breaks out.
XPT/USD aims to complete a retracement towards the 960 level on a upside break.
Platinum: Ascending Channel
XPT/USD,
1 hour
SHORT
May 23
An ascending channel occurs.
An ascending channel is believed to be a useful chart formation with an upward bias that is used to indicate a bearish move when price breaks out to the the downside.
XPT/USD turns bearish towards the 1070 level.
Platinum: Descending Channel
XPT/USD,
1 hour
LONG
Jan 18
A descending channel arises, the price lacks a next bullish action to confirm descending channel breakout.
A descending channel tends to be a useful bullish price pattern that can be used to identify that the price to go long once price breaks above resistance.
XPT/USD to resume its rise towards 900.
Platinum: Rectangle
XPT/USD,
1 hour
LONG
Mar 30
A rectangle is close to being completed, XPT/USD requests push up to confirm rectangle breakout.
In case if price breaks out to the the upside, the move could indicate a bullish move.
There is a chance of a bullish push up towards the 980 mark on a breakout of the rectangle as the commodity looks bid.
Platinum: Ascending Channel
XPT/USD,
4 hours
SHORT
Sep 1
As we can see an ascending channel is very close to being finished, the price is going to break out.
If price breaks through the support, the move could identify a bearish price action.
XPT/USD challenges a move towards 960 as the commodity becomes weak.
Platinum: Falling Wedge
XPT/USD,
4 hours
LONG
Mar 30
A falling wedge has been detected.
A falling wedge provides a bullish indicator that can be used to indicate that the price to go up if price breaks through the resistance.
There is a chance of a bullish run to the 980 zone as indicators turn bullish.
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Platinum · XPT/USD