An ascending triangle takes place and the price is ready to break out now.
An ascending triangle denotes a price action pattern that can be used to predict a bullish price action once price breaks through the resistance.
A further bullish price action towards 905 is likely to happen as there is a chance for a upside correction.
Platinum: Rectangle
XPT/USD,
1 hour
SHORT
Jun 19
There is a rectangle encountered.
A rectangle is considered to be a useful bearish price indicator that can be used to predict that the price to go short if price breaks down.
A bearish price action to 980 is likely to happen on a break below 983 amid the commodity recedes from recent highs.
Platinum: Descending Channel
XPT/USD,
1 hour
LONG
Aug 10
A descending channel emerges, the price is ready to break out.
A descending channel often predicts a countertrend succeeding the current trend if price breaks out to the the upside.
It is likely that a move to 905 will happen as the commodity resumes the upside.
Platinum: Bearish Rectangle
XPT/USD,
1 hour
SHORT
Jan 16
We can see that a bearish rectangle is almost done and the price requires an active move as a verification of a breakout.
A bearish rectangle often results in the bulls have run out of steam when price breaks below support.
There is a chance of a further bearish continuation to 912 as outlook for XPT/USD stays negative.
Platinum: Descending Channel
XPT/USD,
1 hour
LONG
Aug 18
There is a descending channel exposed, XPT/USD demands a steady bullish move as an indication of a breakout.
Once price breaks through the resistance, the resulting move could indicate that prices move counter to the prevailing price trend.
It is not ruled out that a bullish continuation to the 898 mark will be made while above 896.
Platinum: Rectangle
XPT/USD,
4 hours
LONG
Dec 12
There is a rectangle exposed, the price requests a further active move as a sign of a breakout.
In case if price breaks through the resistance, the move could identify a bullish price action.
It is possible that a further bullish move to 940 will happen.
Platinum: Descending Channel
XPT/USD,
1 hour
LONG
Jun 15
We can see that a descending channel has been revealed.
A descending channel represents a useful signal that typically spots the bears have run out of steam when price breaks out to the the upside.
XPT/USD turns bullish towards 985 on a breakout of the descending channel.
Platinum: Ascending Channel
XPT/USD,
1 hour
SHORT
Dec 11
It seems like an ascending channel is observed, the price breaks out soon.
An ascending channel is said to depict a specific chart pattern that has an upward slope that results in an interruption of an uptrend once price breaks out.
XPT/USD risks a correction towards the 915 level.
Platinum: Ascending Channel
XPT/USD,
1 hour
SHORT
Aug 8
An ascending channel is very close to being completed, XPT/USD expects a more strong move for clear breakdown confirmation.
An ascending channel provides a useful pattern that is used to predict a potential bearish reversal in price action in case if price breaks through the support.
There is a possibility of decline to the 915 zone.
Platinum: Rectangle
XPT/USD,
1 hour
SHORT
Feb 7
It looks like the price forms a rectangle and the price requests a more bigger correction as an indication of a breakout.
A rectangle identifies a move down if price breaks down.
There is a possibility of a rangebound to the 895 mark as the commodity nears 900 hurdle.
Platinum: Ascending Triangle
XPT/USD,
4 hours
SHORT
Dec 4
An ascending triangle has been distinguished and XPT/USD asks for a next impulse down as a signal of a breakout.
An ascending triangle can be thought of as a chart formation that typically results in an extension in the downward direction in case if price collapses through the support line.
There is a possibility of a rangebound towards 920 while lower than 932 as XPT/USD loses bullish momentum.
Platinum: Ascending Channel
XPT/USD,
4 hours
SHORT
Dec 1
It looks like an ascending channel is close to being done.
An ascending channel is a bearish chart indicator that spots a next move down if price breaks below support.
XPT/USD tests a move to the 930 zone as the commodity becomes bearish.
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Platinum · XPT/USD