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.
Platinum: Ascending Channel
XPT/USD,
1 hour
SHORT
Sep 20
There is an ascending channel recognized and the price is ready to break out.
Once price breaks out to the the downside, the move could predict a pause in an uptrending market.
It is not ruled out that extra downside to the 930 level will occur on a breakout of the ascending channel.
Platinum: Descending Triangle
XPT/USD,
1 hour
LONG
Jul 3
A descending triangle is close to being complete.
A descending triangle identifies a next move up if price breaks out to the the upside.
XPT/USD to push up towards 915 on a upside break.
Platinum: Descending Triangle
XPT/USD,
1 hour
LONG
May 29
As we can see a descending triangle has been revealed.
In case if price breaks above resistance, the move could identify a next move up.
XPT/USD to look for a further push to 1034 on a break above 1033.
Platinum: Rising Wedge
XPT/USD,
1 hour
SHORT
Jul 27
There is a rising wedge occuring.
A rising wedge tends to be a specific price action formation that can be used to predict a change in price direction in case if price collapses through the support line.
XPT/USD targets a move to the 970 mark on a breakout of the rising wedge.
Platinum: Ascending Channel
XPT/USD,
1 hour
SHORT
Mar 14
An ascending channel is discovered.
An ascending channel is considered to be a price action indicator that is used to spot an upward trend is nearing its end in case if price breaks down.
There is a probability of a bearish push down towards 990.
Platinum: Rising Wedge
XPT/USD,
1 hour
SHORT
Jun 7
There is a rising wedge turning up.
In case if price breakdown occurs, the resulting move could spot a bullish-to-bearish trend reversal.
XPT/USD looks south to 1040 while below 1042 as downtrend may continue.
Platinum: Pennant
XPT/USD,
1 hour
SHORT
Jan 31
There is a pennant observed, the price is ready to break out now.
A pennant is said to depict a compelling price pattern that typically identifies the bulls have run out of steam when price breaks below support.
XPT/USD opens door for a move towards the 925 zone.
Platinum: Descending Channel
XPT/USD,
4 hours
LONG
Jun 5
We can see that XPT/USD builds a descending channel and XPT/USD lacks a steady impulse up as a signal of a breakout.
A descending channel predicts an interruption of a downtrend if price breaks out to the the upside.
There is a probability of a move to 1020 on impulse above 1016 as XPT/USD loses bearish momentum.
Platinum: Falling Wedge
XPT/USD,
1 hour
LONG
May 5
It looks like a falling wedge is close to being complete and the price is ready to break out soon.
A falling wedge is considered to be a bullish signal that indicates a next move up once price breaks above resistance.
XPT/USD to increase bullish potential to 1060 on a breach of 1054.
Platinum: Ascending Channel
XPT/USD,
1 hour
SHORT
Feb 7
There is an ascending channel coming out and XPT/USD requests a steady move as proof of a breakdown.
An ascending channel predicts that prices move counter to the prevailing price trend once price breakdown occurs.
There is a probability of a move towards the 905 mark as the commodity challenges 908 hurdle.
Platinum: Symmetrical Triangle
XPT/USD,
1 day
SHORT
May 24
As we can see a symmetrical triangle is recognized and XPT/USD demands a bigger correction as proof of a breakout.
A symmetrical triangle typically results in extending an downtrend if price breaks out.
XPT/USD to slide towards 1000 on a breakout of the symmetrical triangle as door open for a test of 1000.
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Platinum · XPT/USD