Open:
High:
Low:
Close:
DESCENDING CHANNEL
Platinum
XPT/USD
1H
The price creates a descending channel.
In case if price breaks out, the move could predict a bullish move.
Platinum looks north to 1670.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
As we can see a descending channel is identified.
When price breaks through the resistance, the move could signal a temporary interruption during a falling market.
Platinum turns higher to 1650.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
It looks like an ascending channel is close to being done.
An ascending channel denotes a compelling formation that is angled up that results in a break during an uptrending market when price breakdown occurs.
Platinum to prolong the corrective phase to the 1620 level as extra rangebound not ruled out.
SYMMETRICAL TRIANGLE
Platinum
XPT/USD
1H
As we can see a symmetrical triangle turns up.
A symmetrical triangle often results in a bullish move if price breaks out.
It is possible that a bullish continuation towards 1670 will be made on a breach of 1666.
PENNANT
Platinum
XPT/USD
1D
There is a pennant materializing, the price breaks out now.
If price breaks above resistance, the resulting move could indicate that the price will rally further.
Platinum to turn bullish to 1650.
ASCENDING TRIANGLE
Platinum
XPT/USD
1H
As we can see an ascending triangle is close to completion.
If price breaks above resistance, the move could identify the more likely potential of rising prices.
A bullish run to the 1650 zone looks likely on a break above 1645 as the wind continues blowing in favor of the commodity.
PENNANT
Platinum
XPT/USD
4H
There is a pennant uncovered and the price lacks a more move for the certainty of breakout.
When price breaks out to the the upside, the move could spot that prices are likely to keep rallying upward.
It is possible that a bullish run towards the 1640 zone will be made amid rising bets for the move.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
It looks like an ascending channel is almost done.
If price breaks out, the move could identify that the price to go down.
Platinum set to extend its decline to 1590 as indicators favor bears.
DESCENDING TRIANGLE
Platinum
XPT/USD
1H
We can see that platinum forms a descending triangle, the price is ready to break out.
A descending triangle typically results in that the price to go up once price breaks through the resistance.
There is a possibility of a move towards 1620 as platinum loses bearish momentum.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.