Open:
High:
Low:
Close:
DESCENDING CHANNEL
Platinum
XPT/USD
1H
There is a descending channel taking place.
A descending channel typically identifies extending an uptrend in case if price breaks out.
It is likely that a bullish move towards 1920 will form on a upside break as platinum becomes bid.
ASCENDING CHANNEL
Platinum
XPT/USD
1D
An ascending channel arises and platinum demands more fall for the certainty of breakout.
Once price breaks down, the resulting move could indicate a potential bearish reversal in price action.
There is a probability of a rangebound towards 1900 on a breach of 1920.
DESCENDING TRIANGLE
Platinum
XPT/USD
4H
A descending triangle appears and the price is ready to break out.
A descending triangle signals the more likely potential of falling prices when price breaks out.
Platinum to increase bearish potential towards 1900.
RECTANGLE
Platinum
XPT/USD
1H
We can see that a rectangle has been noticed, the price is ready to break out.
Once price breakdown occurs, the move could identify extending an downtrend.
There is a probability of a move to 1930 amid the commodity recedes from recent highs.
BULLISH FLAG
Platinum
XPT/USD
1H
There is a bullish flag materializing, the price wants a further move for the certainty of breakout.
A bullish flag spots that the price to go up in case if price breaks above resistance.
Platinum to move upward towards 1980.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
It seems like a descending channel materializes and the price needs a further steady move to confirm a breakout.
When price breaks out, the resulting move could predict a bullish price move.
Platinum to jump to 1970 on a breakout of the descending channel.
RECTANGLE
Platinum
XPT/USD
1H
A rectangle pops up.
A rectangle is a useful bearish pattern that can be used to signal the bulls have run out of steam if price breaks out.
Platinum is bearish and en route to 1940 once below 1946.
DESCENDING TRIANGLE
Platinum
XPT/USD
4H
There is a descending triangle observed.
A descending triangle denotes a specific price pattern that can be used to indicate the more likely potential of rising prices when price breaks through the resistance.
Platinum hints a change to the upside to the 1980 zone.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
There is a descending channel determined.
When price breaks through the resistance, the move could spot that the price will rally further.
It is possible that a bullish run towards 1980 will form on a upside break.
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