The price develops a rectangle and the price requests a further bearish move as a verification of a breakdown.
A rectangle predicts a move down in case if price breaks out.
XPT/USD to continue the dereciation trend towards the 1065 level.
Platinum: Ascending Channel
XPT/USD,
1 hour
SHORT
Mar 28
There is an ascending channel noticed.
An ascending channel can be thought of as a technical chart signal that often results in a bearish price move in case if price breaks below support.
It is not ruled out that decline to the 960 mark will take place.
Platinum: Descending Triangle
XPT/USD,
1 hour
LONG
Oct 11
There is a descending triangle determined and the price is breaking out.
When price breaks above resistance, the move could signal that prices are likely to keep rallying upward.
XPT/USD targets a move towards 895 on a breakout of the descending triangle.
Platinum: Rising Wedge
XPT/USD,
1 hour
SHORT
Jun 26
There is a rising wedge found, XPT/USD needs bigger push down as a clue of a breakout.
A rising wedge is considered to be a compelling price action indicator that can be used to indicate a bearish price action when price breaks down.
XPT/USD does not rule out a move towards 925 on a break below 931 as upside pressure alleviates.
Platinum: Bullish Flag
XPT/USD,
1 hour
LONG
Mar 16
There is a bullish flag observed and the price requires a more active move for clear breakout confirmation.
A bullish flag predicts a bearish-to-bullish trend reversal when price breaks above resistance.
XPT/USD to have better chances of advancing towards the 990 level as indicators favor bulls.
Platinum: Descending Channel
XPT/USD,
4 hours
LONG
May 8
There is a descending channel exposed, the price is about to break out.
When price breaks above resistance, the resulting move could spot a trend change to the upside.
It is possible that a bullish price action towards 1080 will occur on a breach of 1076.
Platinum: Rectangle
XPT/USD,
4 hours
SHORT
Sep 25
The price completes a rectangle.
A rectangle is considered to be a reliable bearish price action indicator that indicates a sharp decline if price breaks through the support.
There is a probability of extra downside towards 910 as sell-off may continue.
Platinum: Bearish Flag
XPT/USD,
1 hour
SHORT
Feb 23
It seems like a bearish flag is distinguished, the price is close to breaking out.
A bearish flag identifies a specific price action signal that typically spots reversals in uptrends when price breaks through the support.
A bearish move to 905 is probable while below 907 as downtrend may continue.
Platinum: Descending Triangle
XPT/USD,
1 hour
LONG
Oct 6
We can see that a descending triangle is found.
A descending triangle often results in a bullish move when price breaks out to the the upside.
XPT/USD looks north towards 870 once above 865 as the commodity probes 865 hurdle.
Platinum: Descending Channel
XPT/USD,
4 hours
LONG
Aug 18
There is a descending channel identified, the price wants bigger rise as a sign of a breakout.
A descending channel is said to depict a compelling bullish price indicator that can be used to signal a move up if price breaks out.
XPT/USD looks ready to further extend its gains to 920 on a breach of 912.
Platinum: Pennant
XPT/USD,
1 hour
LONG
Nov 20
We can see that a pennant occurs and the price needs a more steady move as a sign of a breakout.
A pennant often identifies a move up in case if price breaks through the resistance.
XPT/USD to prolong the growth phase to the 915 level on a breach of 909 as downside pressure alleviates.
Platinum: Bullish Flag
XPT/USD,
4 hours
LONG
May 3
A bullish flag is very close to being finished, the price expects a next strong bullish move to confirm bullish flag breakout.
A bullish flag denotes a compelling price action signal that often spots that the price will rally further once price breaks out.
XPT/USD tests a move towards 1100 on a breakout of the bullish flag.
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Platinum · XPT/USD