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: 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: 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: Descending Channel
XPT/USD,
4 hours
LONG
Feb 12
Platinum: Ascending Channel
XPT/USD,
4 hours
SHORT
Nov 14
An ascending channel pops up.
An ascending channel spots a next move down if price breakdown occurs.
Platinum to suffer further downside to the 1540 level.
Platinum: Ascending Channel
XPT/USD,
1 hour
SHORT
Oct 13
As we can see an ascending channel is spotted and the price lacks a steady move to confirm ascending channel breakout.
An ascending channel identifies a reliable price indicator that is used to spot a countertrend succeeding the current trend when price breaks through the support.
Platinum risks further downside towards 1620 while lower than 1630.
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: 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: 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,
1 hour
SHORT
Oct 8
An ascending channel has been noticed, platinum expects a steady move as an information of a breakout.
An ascending channel can be thought of as a compelling pattern that often identifies an upward trend is nearing its end when price breaks through the support.
A bearish push down to the 1630 zone is possible while below 1642.
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