Open:
High:
Low:
Close:
DESCENDING CHANNEL
Platinum
XPT/USD
1H
We can see that a descending channel happens.
A descending channel depicts a chart indicator that can be used to predict a sharp rise when price breaks through the resistance.
It is likely that a further bullish continuation towards 1780 will form on a break above 1775 as bulls seeking a new high.
DESCENDING TRIANGLE
Platinum
XPT/USD
1H
There is a descending triangle forming and platinum demands a further steady move as a verification of a breakout.
When price breaks below support, the resulting move could spot extending an downtrend.
There is a chance of a further bearish continuation to the 1750 zone on a breakout of the descending triangle.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
As we can see a descending channel happens.
If price breaks out to the the upside, the move could spot a bullish move.
Platinum embarks on a bullish correction to 1800 as bulls lurking in demand zone.
ASCENDING CHANNEL
Platinum
XPT/USD
1D
It seems like an ascending channel is very close to being completed, the price calls for more active push down as a clue of a breakdown.
An ascending channel identifies a reliable bearish pattern with an upward bias that is used to predict a temporary interruption of an existing trend when price breaks below support.
Platinum could extend its slump towards 1750.
BEARISH FLAG
Platinum
XPT/USD
1H
The price forms a bearish flag and platinum wants an active impulse down as a clue of a breakout.
A bearish flag identifies a chart formation that is used to spot a pause in an uptrending market when price breaks out to the the downside.
Platinum could recede towards the 1780 zone on a break below 1790.
FALLING WEDGE
Platinum
XPT/USD
1H
A falling wedge is close to being done and platinum requests a further bigger bullish impulse as evidence of a breakout.
A falling wedge indicates price heading to a new direction in case if price breaks through the resistance.
Platinum is bullish and en route to 1780.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
We can see that an ascending channel has been exposed.
An ascending channel provides a price action signal that results in price heading to a new direction when price breaks below support.
It is likely that a bearish move towards 1820 will take place.
BEARISH FLAG
Platinum
XPT/USD
4H
A bearish flag emerges.
A bearish flag often results in a sharp decline once price breakdown occurs.
There is a chance of decline to the 1800 level on a breakout of the bearish flag as door open for the continuation of the downtrend.
BULLISH FLAG
Platinum
XPT/USD
1H
There is a bullish flag materializing, platinum wants a bit more consolidation as evidence of a breakout.
A bullish flag represents a price action formation that is angled down that can be used to indicate price heading to a new direction if price breaks out to the the upside.
Platinum hints a change to the upside to the 1860 level while above 1848 as downside pressure alleviates.
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