Open:
High:
Low:
Close:
DESCENDING TRIANGLE
Platinum
XPT/USD
4H
It looks like a descending triangle develops and the price demands a bit more consolidation as an information of a breakout.
In case if price breaks through the resistance, the resulting move could signal a next move up.
Platinum does not rule out a move towards 1800 on a breach of 1795.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
A descending channel appears, platinum lacks a more move as a clue of a breakout.
A descending channel spots a bullish price action if price breaks above resistance.
It is possible that a bullish continuation to 1800 will happen.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
ASCENDING CHANNEL
Platinum
XPT/USD
1H
An ascending channel emerges and the price is ready to break out soon.
An ascending channel suggests a technical formation that is angled up that spots a tendency to break in the opposite direction when price breaks through the support.
Platinum now looks to the 1760 zone on a breakout of the ascending channel as the mood may get worse.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
There is an ascending channel poping up and the price is going to break out soon.
An ascending channel is considered to be a specific bearish price action signal that can be used to identify that the price to go down when price breaks down.
Platinum looks for a setback towards 1780 as extra rangebound not ruled out.
RISING WEDGE
Platinum
XPT/USD
1H
There is a rising wedge materializing and the price is close to breaking out.
A rising wedge tends to be a technical signal that typically identifies price reversal after a pause if price breaks below support.
Platinum embarks on a bearish correction towards 1770 on a downside break.
DESCENDING TRIANGLE
Platinum
XPT/USD
4H
It seems like a descending triangle is found.
A descending triangle is believed to be a specific bullish price action pattern that can be used to indicate that the price will rally further once price breaks through the resistance.
There is a probability of a bullish continuation towards 1800 on a breakout of the descending triangle.
RECTANGLE
Platinum
XPT/USD
1H
A rectangle is close to being finished.
A rectangle is said to depict a specific price pattern that typically signals that the price to go up in case if price breaks out.
Platinum tests a move to the 1800 zone as platinum looks bid.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
There is a descending channel appearing and the price is about to break out soon.
Once price breaks out to the the upside, the resulting move could indicate a bullish price action.
It is likely that a move to 1790 will happen on a break above 1780 as the commodity resumes the upside.
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