Open:
High:
Low:
Close:
DESCENDING CHANNEL
Platinum
XPT/USD
1H
A descending channel is almost done, the price breaks out soon.
A descending channel is considered to be a reliable price formation that has a downward slope that often results in a break in the price direction in case if price breaks through the resistance.
A bullish run to 2200 is a possibility on a breach of 2050 as bulls seeking a new high.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
There is an ascending channel appearing.
An ascending channel provides a reliable bearish pattern with an upward bias that is used to spot prices are likely to keep falling downward in case if price breaks below support.
Platinum to increase bearish potential towards 2600 as bears seeking a new low.
RECTANGLE
Platinum
XPT/USD
1H
It looks like a rectangle is almost done.
When price breaks through the resistance, the move could identify an extension in the upward direction.
A bullish run towards the 2750 level is on the cards.
ASCENDING CHANNEL
Platinum
XPT/USD
4H
There is an ascending channel noticed.
An ascending channel tends to be a technical chart indicator that can be used to identify that the price to go short when price breaks below support.
There is a probability of corrective downside towards the 2500 mark.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
We can see that an ascending channel is almost done, platinum calls for a steady move as an information of a breakdown.
An ascending channel predicts reversals in uptrends if price breaks down.
Platinum pulls back to 2800.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
An ascending channel occurs and the price breaks out soon.
An ascending channel is considered to be a useful bearish signal that can be used to identify the bulls have run out of steam if price breaks down.
Platinum set to fall to the 2700 zone as the commodity nears 2820 hurdle.
BULLISH FLAG
Platinum
XPT/USD
1H
We can see that the price establishes a bullish flag, the price is breaking out.
A bullish flag spots that the price to go long when price breaks out.
A further bullish price action to the 2600 mark looks probable on a breach of 2540.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
There is an ascending channel taking place, the price is ready to break out soon.
An ascending channel typically spots a bearish price move if price breaks below support.
There is a possibility of corrective downside towards the 2400 zone on a breach of 2460 as upside pressure alleviates.
RISING WEDGE
Platinum
XPT/USD
1H
There is a rising wedge poping up.
A rising wedge depicts a useful bearish price action formation that can be used to spot a change in price direction when price breaks out.
Decline to 2450 is on the cards on a break below 2470 as sell-off may continue.
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