Open:
High:
Low:
Close:
TRIÁNGULO DESCENDENTE
Platinum
XPT/USD
4H
The price builds a descending triangle, the price is close to breaking out soon.
A descending triangle is believed to be a specific price indicator that can be used to predict that the price to go long when price breaks through the resistance.
Platinum embarks on a bullish correction towards the 1760 mark.
CUÑA ASCENDENTE
Platinum
XPT/USD
1H
A rising wedge has been exposed.
A rising wedge predicts prices are likely to keep falling downward when price breaks down.
Platinum turns bearish to 1720.
TRIÁNGULO ASCENDENTE
Platinum
XPT/USD
4H
As we can see an ascending triangle is very close to being finished, the price is going to break out.
An ascending triangle spots extending an downtrend when price breaks out to the the downside.
Platinum looks for a setback towards 1700 as the commodity challenges 1715 hurdle.
RECTÁNGULO
Platinum
XPT/USD
1H
There is a rectangle taking place.
In case if price breaks above resistance, the resulting move could identify the more likely potential of rising prices.
A bullish continuation to 1750 is a possibility.
CANAL DESCENDENTE
Platinum
XPT/USD
4H
There is a descending channel forming, platinum needs a next active move to confirm descending channel breakout.
A descending channel depicts a bullish formation that typically predicts a bullish price action if price breaks out.
A bullish push up to 1740 is on the cards.
CANAL ASCENDENTE
Platinum
XPT/USD
1H
An ascending channel pops up, platinum requests a next bigger move for clear breakdown confirmation.
If price breaks through the support, the move could identify a next move down.
There is a probability of a bearish run towards the 1700 zone.
RECTÁNGULO
Platinum
XPT/USD
1H
A rectangle is recognized and platinum lacks a next strong move for the certainty of breakout.
A rectangle typically predicts a bullish move if price breaks out.
It is not ruled out that a bullish run to 1740 will happen as bulls lurking in demand zone.
CANAL DESCENDENTE
Platinum
XPT/USD
4H
There is a descending channel determined, platinum demands a bit more consolidation to confirm a breakout.
A descending channel often identifies a break in the price direction if price breaks out to the the upside.
Platinum to continue the appreciation trend to 1760 amid platinum recovers from recent lows.
CANAL ASCENDENTE
Platinum
XPT/USD
1H
An ascending channel turns up.
An ascending channel can be thought of as a reliable indicator that can be used to spot the bulls have run out of steam when price breaks out to the the downside.
Platinum hints a change to the downside to 1700 on a breach of 1708.
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