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PENNANT
Platinum
XPT/USD
1H
It seems like a pennant arises and the price breaks out now.
A pennant identifies a technical bullish pattern that often results in a bullish move if price breaks above resistance.
There is a probability of a bullish price action to the 2140 level on a break above 2120.
ASCENDING TRIANGLE
Platinum
XPT/USD
1H
As we can see an ascending triangle occurs and the price is ready to break out.
Once price breaks through the support, the resulting move could signal the bulls have run out of steam.
It is not ruled out that a rangebound to 2100 will form as the commodity becomes capped.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
An ascending channel is very close to being finished, platinum requests a more active correction to confirm a breakdown.
An ascending channel is a compelling indicator that can be used to spot that the price to go short if price breaks out.
It is likely that a rangebound towards 2100 will occur on a breakout of the ascending channel.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
There is an ascending channel identified and the price is breaking out.
An ascending channel is believed to be a useful price action signal that is used to predict an interruption of an uptrend if price breaks out to the the downside.
Platinum looks for a setback to the 2120 level as indicators favor bears.
DESCENDING TRIANGLE
Platinum
XPT/USD
1H
It seems like a descending triangle is noticed.
A descending triangle denotes a useful bullish price formation that is used to predict a bullish price action when price breaks out.
Platinum hints a change to the upside towards 2120 on a breach of 2105.
SYMMETRICAL TRIANGLE
Platinum
XPT/USD
1H
There is a symmetrical triangle appearing and the price wants a bigger correction as a sign of a breakdown.
A symmetrical triangle depicts a useful chart pattern that indicates extending an downtrend in case if price breaks out to the the downside.
It is possible that a bearish run towards the 2080 zone will be made on a breach of 2090.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
There is an ascending channel identified, the price is breaking out.
Once price breaks out to the the downside, the resulting move could indicate the bulls have run out of steam.
Platinum is bearish and en route to 2050 on a breakdown of the ascending channel.
FALLING WEDGE
Platinum
XPT/USD
4H
A falling wedge has been found, the price is close to breaking out now.
A falling wedge often predicts that the price to go long in case if price breaks out.
There is a probability of a bullish continuation towards 2200 as bulls seeking a new high.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
There is a descending channel found, the price asks for a bit more consolidation as an indication of a breakout.
A descending channel often spots a further move up in case if price breaks above resistance.
Platinum to move upward towards 2050 on a breakout of the descending channel as the wind continues blowing in favor of the commodity.
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