A pennant is encountered and the price requests a further strong impulse up as proof of a breakout.
A pennant describes a price pattern that identifies a bullish move if price breaks through the resistance.
XPT/USD looks north to the 920 level on impulse above 918.
Platinum: Bullish Flag
XPT/USD,
1 hour
LONG
Dec 1
There is a bullish flag appearing, XPT/USD lacks a more bigger move to confirm bullish flag breakout.
A bullish flag describes a reliable indicator that is used to spot a next move up in case if price breaks through the resistance.
There is a probability of a move to 945 as downside pressure seen easing.
Platinum: Descending Channel
XPT/USD,
4 hours
LONG
Aug 18
As we can see a descending channel is nearing completion and the price is breaking out.
A descending channel is said to depict a price action formation that typically results in a sharp rise if price breaks out.
It is possible that a bullish run to the 920 zone will take place on a breach of 916 amid the commodity reclaims part of the ground lost.
Platinum: Pennant
XPT/USD,
1 hour
LONG
Sep 12
A pennant has been identified and the price requires an active move to confirm pennant breakout.
A pennant provides a reliable bullish price pattern that is used to signal a next move up when price breaks above resistance.
XPT/USD to resume its rise towards 910 on a break above 904 as the commodity loses bearish momentum.
Platinum: Ascending Triangle
XPT/USD,
1 hour
LONG
May 9
We can see that an ascending triangle is noticed and the price is ready to break out.
An ascending triangle spots a bullish price action once price breaks through the resistance.
XPT/USD to recover bullish potential to 1100.
Platinum: Rectangle
XPT/USD,
1 hour
SHORT
May 31
XPT/USD establishes a rectangle, XPT/USD calls for a next active move for the certainty of breakdown.
A rectangle is considered to be a compelling bearish chart formation that is used to indicate prices are likely to keep falling downward once price breakdown occurs.
There is a probability of a bearish push down to the 1020 level once below 1022.
Platinum: Falling Wedge
XPT/USD,
1 hour
LONG
Apr 28
It looks like XPT/USD sets up a falling wedge.
A falling wedge results in a further move up once price breaks out to the the upside.
A bullish price action to the 1100 mark is not ruled out on a breach of 1092.
Platinum: Bearish Flag
XPT/USD,
4 hours
SHORT
May 23
There is a bearish flag happening and the price lacks a move to confirm bearish flag breakout.
A bearish flag depicts a price action signal that is used to predict a next move down if price breaks below support.
Corrective downside to 1060 looks possible as XPT/USD looks offered.
Platinum: Ascending Channel
XPT/USD,
1 hour
SHORT
May 11
An ascending channel is revealed and the price asks for a next bigger move to confirm a breakout.
An ascending channel denotes a technical price indicator that spots a trend change to the downside when price collapses through the support line.
XPT/USD accelerates losses to 1120 once below 1126 as the commodity failes to keep gains.
Platinum: Descending Channel
XPT/USD,
1 hour
LONG
Sep 14
A descending channel takes place and the price asks for a next bigger move as an indication of a breakout.
Once price breaks through the resistance, the resulting move could indicate a bullish price move.
XPT/USD could attempt a move towards the 910 mark.
Platinum: Ascending Channel
XPT/USD,
1 hour
SHORT
Jan 31
An ascending channel appears and the price expects a further active bearish impulse for clear breakdown confirmation.
Once price breaks through the support, the resulting move could identify a next move down.
XPT/USD tests a move towards the 925 mark as extra rangebound not ruled out.
Platinum: Descending Channel
XPT/USD,
1 hour
LONG
Jul 25
We can see that a descending channel appears.
If price breaks out to the the upside, the move could indicate a change in the prevailing trend.
It is likely that a bullish price action to 974 will happen as the commodity challenges 972 hurdle.
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Platinum · XPT/USD