We can see that an ascending triangle is very close to being finished.
An ascending triangle denotes a compelling bearish chart pattern that typically signals prices are likely to keep falling downward once price breaks out to the the downside.
There is a probability of a bearish push down to the 1030 level.
Platinum: Bullish Flag
XPT/USD,
1 hour
LONG
Dec 12
There is a bullish flag poping up.
When price breaks above resistance, the resulting move could identify a bullish move.
It is likely that a bullish move to 930 will form.
Platinum: Descending Channel
XPT/USD,
1 hour
LONG
Mar 29
A descending channel has been determined and the price breaks out.
A descending channel identifies a useful price formation that can be used to identify a next move up once price breaks out to the the upside.
XPT/USD to jump to 980 as uptrend may continue.
Platinum: Ascending Channel
XPT/USD,
1 hour
SHORT
May 18
An ascending channel emerges, the price expects a bearish move to confirm ascending channel breakout.
An ascending channel suggests a bearish signal that can be used to predict a further move down in case if price breaks out to the the downside.
XPT/USD to drop to the 1075 level.
Platinum: Rectangle
XPT/USD,
1 hour
LONG
Feb 6
We can see that a rectangle has been discovered and the price is ready to break out.
A rectangle can be thought of as a reliable signal that spots a bullish price action when price breaks out to the the upside.
There is a possibility of a bullish push up to 908 on a break above 907.
Platinum: Falling Wedge
XPT/USD,
1 hour
LONG
Oct 12
There is a falling wedge happening, the price requires strong rise as a verification of a breakout.
If price breaks out to the the upside, the resulting move could identify a move up.
Platinum to have better chances of advancing to 1640.
Platinum: Rectangle
XPT/USD,
1 hour
SHORT
Sep 1
It seems like a rectangle develops and the price is breaking out.
In case if price breakdown occurs, the resulting move could predict prices are likely to keep falling downward.
XPT/USD tests a move towards the 970 mark as gains remain capped.
Platinum: Ascending Channel
XPT/USD,
4 hours
SHORT
Nov 2
It looks like an ascending channel is noticed, the price calls for a bearish action for clear breakout confirmation.
If price breaks out to the the downside, the resulting move could identify a move down.
XPT/USD risks extra losses towards 920.
Platinum: Pennant
XPT/USD,
1 hour
SHORT
Mar 14
There is a pennant taking place, the price calls for a next strong move for clear breakdown confirmation.
If price breakdown occurs, the resulting move could predict the bulls have run out of steam.
XPT/USD could attempt a move towards the 980 mark while below 992 as upside pressure alleviates.
Platinum: Pennant
XPT/USD,
4 hours
SHORT
Nov 6
A pennant is spotted, the price calls for a next bearish action to confirm pennant breakout.
A pennant can be thought of as a compelling bearish signal that often predicts prices are likely to keep falling downward if price breakdown occurs.
XPT/USD does not rule out a move towards 920 on a downside break as the commodity keeps the bid tone.
Platinum: Ascending Channel
XPT/USD,
4 hours
SHORT
Jan 2
We can see that the price creates an ascending channel.
An ascending channel is said to depict a reliable chart indicator that can be used to indicate price reversal after a pause in case if price breaks through the support.
There is a chance of corrective downside towards 980.
Platinum: Ascending Channel
XPT/USD,
4 hours
SHORT
Nov 13
As we can see an ascending channel is distinguished, the price demands next steady fall as a signal of a breakout.
An ascending channel typically indicates a move down when price breaks out.
There is a chance of a move towards the 1580 level on a breakout of the ascending channel.
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Platinum · XPT/USD