We can see that a descending channel is very close to being finished and the price is ready to break out.
A descending channel identifies a compelling bullish chart signal that can be used to predict a next move up once price breaks above resistance.
It is possible that a bullish price action towards 930 will occur.
Platinum: Descending Triangle
XPT/USD,
1 hour
LONG
Apr 4
As we can see a descending triangle is almost done, the price is ready to break out.
A descending triangle depicts a reliable bullish formation that predicts an extension in the upward direction when price breaks out.
A bullish run towards the 1005 zone is about to happen as XPT/USD probes 1000 hurdle.
Platinum: Descending Channel
XPT/USD,
4 hours
LONG
May 8
Platinum: Descending Channel
XPT/USD,
1 hour
LONG
Jun 15
We can see that a descending channel has been diagnosed and the price breaks out now.
If price breaks through the resistance, the move could indicate a next move up.
It is not ruled out that a further move towards 985 will be made on a breach of 980 as minor hurdle remains at 980.
Platinum: Falling Wedge
XPT/USD,
1 hour
LONG
Jul 30
There is a falling wedge arising and XPT/USD demands a more move to confirm falling wedge breakout.
A falling wedge suggests a specific bullish indicator that can be used to spot that the price to go up if price breaks above resistance.
A further bullish continuation to the 950 zone is possible.
Platinum: Pennant
XPT/USD,
4 hours
SHORT
Jul 26
A pennant appears, the price is ready to break out now.
A pennant describes a chart indicator that can be used to indicate prices are likely to keep falling downward if price breaks through the support.
A rangebound towards 960 is not ruled out as the commodity nears 968 hurdle.
Platinum: Ascending Channel
XPT/USD,
4 hours
SHORT
Apr 24
It looks like an ascending channel is determined, the price requires a steady correction as evidence of a breakout.
An ascending channel identifies a pause in an uptrending market when price breaks out to the the downside.
XPT/USD risks extra losses towards the 1080 level.
Platinum: Ascending Channel
XPT/USD,
1 hour
SHORT
Jul 19
There is an ascending channel emerging and XPT/USD expects a correction as a sign of a breakout.
When price breaks out to the the downside, the move could indicate a further move down.
XPT/USD could attempt a move to the 990 zone.
Platinum: Pennant
XPT/USD,
4 hours
LONG
Jul 10
A pennant has been observed, the price is close to breaking out soon.
A pennant denotes a price formation that can be used to spot a bullish move once price breaks above resistance.
There is a possibility of a bullish run towards 930 as bulls lurking in demand zone.
Platinum: Descending Channel
XPT/USD,
1 hour
LONG
Nov 28
A descending channel turns up, the price needs a bit more consolidation as a verification of a breakout.
When price breaks out to the the upside, the resulting move could predict that the price to go long.
A bullish push up towards 935 is about to happen.
Platinum: Bullish Flag
XPT/USD,
1 hour
LONG
Mar 16
There is a bullish flag appearing and the price is going to break out.
A bullish flag is believed to be a price signal that can be used to signal a further move up in case if price breaks through the resistance.
XPT/USD to peak towards the 980 mark on a upside break.
Platinum: Falling Wedge
XPT/USD,
1 hour
LONG
Mar 29
It looks like a falling wedge turns up, XPT/USD requires a move for the certainty of breakout.
Once price breaks out to the the upside, the resulting move could identify a breakout higher.
XPT/USD looks north towards 965 once above 964 as the commodity probes 964 hurdle.
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Platinum · XPT/USD