Open:
High:
Low:
Close:
DESCENDING CHANNEL
Platinum
XPT/USD
1H
We can see that a descending channel has been diagnosed.
In case if price breaks out to the the upside, the move could indicate that prices are likely to keep rallying upward.
A rangebound to 1980 is on the cards as door open for a test of 1980.
DESCENDING CHANNEL
Platinum
XPT/USD
4H
A descending channel is encountered and the price is ready to break out.
A descending channel often results in that prices are likely to keep rallying upward in case if price breaks through the resistance.
Platinum is bullish and en route to 2000 once beyond 1960.
ASCENDING TRIANGLE
Platinum
XPT/USD
1H
An ascending triangle appears.
Once price collapses through the support line, the resulting move could indicate a bearish price move.
A move to 1930 is on the way.
RISING WEDGE
Platinum
XPT/USD
1H
It looks like a rising wedge is close to being completed.
A rising wedge typically predicts a bearish move if price breaks down.
There is a probability of a rangebound to 1950.
DESCENDING TRIANGLE
Platinum
XPT/USD
1H
A descending triangle has been encountered.
A descending triangle can be thought of as a reliable bullish price action indicator that predicts that the price to go up when price breaks out to the the upside.
Platinum to move upward to the 1960 zone on a breakout of the descending triangle as outlook for the commodity stays positive.
RISING WEDGE
Platinum
XPT/USD
1H
A rising wedge is close to being completed.
In case if price breaks down, the resulting move could indicate an upward trend is nearing its end.
Platinum to move downward towards 1930 while below 1942 as extra rangebound not ruled out.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
There is a descending channel noticed, the price is close to breaking out now.
If price breaks out to the the upside, the move could signal a bullish price action.
There is a chance of a bullish move to 1960 on a breakout of the descending channel.
FALLING WEDGE
Platinum
XPT/USD
1H
A falling wedge is determined, platinum asks for a steady move as proof of a breakout.
A falling wedge typically spots a change in the prevailing trend when price breaks out to the the upside.
There is a probability of a bullish price action towards 1940.
BEARISH FLAG
Platinum
XPT/USD
1H
A bearish flag comes out and platinum demands a more strong bearish continuation for the certainty of breakout.
If price breakdown occurs, the resulting move could predict a bearish move.
It is not ruled out that a bearish continuation to the 1960 zone will form on a breakout of the bearish flag.
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