Open:
High:
Low:
Close:
ASCENDING CHANNEL
Platinum
XPT/USD
1H
Platinum creates an ascending channel.
In case if price breaks through the support, the resulting move could signal a bullish-to-bearish trend reversal.
There is a probability of a bearish price action to 1610.
DESCENDING TRIANGLE
Platinum
XPT/USD
1H
It seems like platinum completes a descending triangle, the price lacks a next active move as a signal of a breakout.
A descending triangle denotes a compelling price action signal that is used to spot a next move up once price breaks out to the the upside.
Platinum now looks towards 1640 on a breakout of the descending triangle as downside pressure seen easing.
RISING WEDGE
Platinum
XPT/USD
1H
There is a rising wedge noticed and platinum wants next steady push down to confirm rising wedge breakout.
When price breaks through the support, the move could identify a bearish price action.
Platinum is at risk of resuming its decline to 1610 on a breach of 1622.
BEARISH FLAG
Platinum
XPT/USD
1H
As we can see a bearish flag emerges, platinum demands a bigger correction for clear breakout confirmation.
If price breaks below support, the move could signal that the price to go short.
It is not ruled out that a move towards the 1620 mark will take place.
DESCENDING CHANNEL
Platinum
XPT/USD
4H
A descending channel is almost finished.
A descending channel can be thought of as a reliable price action formation that can be used to signal that the price to go long in case if price breaks above resistance.
It is possible that a bullish push up towards 1660 will form on a breakout of the descending channel as the wind continues blowing in favor of the commodity.
BEARISH FLAG
Platinum
XPT/USD
1H
There is a bearish flag exposed and the price lacks next pullback as a signal of a breakout.
A bearish flag often signals that the price to go down if price breaks through the support.
Platinum now looks to 1610 on a breach of 1615 as the commodity becomes weak.
ASCENDING CHANNEL
Platinum
XPT/USD
4H
As we can see platinum completes an ascending channel, platinum requires bigger fall as proof of a breakout.
An ascending channel identifies a reliable bearish pattern that can be used to predict that the price to go down once price breaks out.
A further bearish run to the 1580 level is not ruled out as there is room for a downside correction.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
Platinum sets up an ascending channel, platinum asks for a further move as an information of a breakout.
An ascending channel is believed to be a compelling price action pattern that is angled up that is used to identify the more likely potential of falling prices when price collapses through the support line.
There is a possibility of extra downside towards the 1630 mark on a breach of 1636.
FALLING WEDGE
Platinum
XPT/USD
1H
It looks like a falling wedge has been uncovered, the price is ready to break out now.
A falling wedge typically predicts the bears have run out of steam in case if price breaks out.
A bullish push up to 1640 is going to happen.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.