Open:
High:
Low:
Close:
PENNANT
Platinum
XPT/USD
4H
There is a pennant revealed and the price is ready to break out.
A pennant provides a useful bullish price pattern that can be used to indicate a bullish price action in case if price breaks out.
It is not ruled out that a bullish continuation towards the 2450 level will take place.
RECTANGLE
Platinum
XPT/USD
1H
There is a rectangle materializing, the price calls for a further active impulse up as proof of a breakout.
If price breaks through the resistance, the move could spot a further move up.
Platinum to continue the appreciation trend to the 2400 level.
ASCENDING TRIANGLE
Platinum
XPT/USD
1H
An ascending triangle is identified and the price is ready to break out now.
An ascending triangle depicts a compelling price indicator that is used to indicate that the price to go up when price breaks through the resistance.
Platinum to look for a further push to 2400 once beyond 2375.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
There is a descending channel spotted, the price breaks out.
A descending channel can be thought of as a specific bullish price formation that typically identifies a bullish price move once price breaks through the resistance.
A move towards the 2400 level is on the cards.
ASCENDING CHANNEL
Platinum
XPT/USD
4H
There is an ascending channel developing.
An ascending channel is considered to be a reliable chart signal that can be used to spot the more likely potential of falling prices once price collapses through the support line.
There is a possibility of a bearish push down to 2250 on a breakout of the ascending channel as platinum probes 2300 hurdle.
RISING WEDGE
Platinum
XPT/USD
1H
There is a rising wedge determined, platinum requests a move for clear breakdown confirmation.
A rising wedge is a specific price action pattern that spots a sharp decline if price breaks out.
There is a possibility of a bearish move to 2300.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
There is a descending channel detected, the price needs a more steady bullish continuation as a clue of a breakout.
A descending channel denotes a reliable pattern that is used to spot a bullish move in case if price breaks out to the the upside.
A bullish run towards the 2450 zone is possible.
PENNANT
Platinum
XPT/USD
1H
A pennant is close to being complete.
A pennant suggests a useful bearish chart indicator that often results in the bulls have run out of steam if price collapses through the support line.
Platinum to increase bearish potential to 2360 on a breach of 2370.
RISING WEDGE
Platinum
XPT/USD
4H
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