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CANAL ASCENDENTE
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.
TRIÁNGULO DESCENDENTE
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.
CUÑA ASCENDENTE
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.
BANDERA BAJISTA
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.
CANAL DESCENDENTE
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.
BANDERA BAJISTA
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.
CANAL ASCENDENTE
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.
CANAL ASCENDENTE
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.
CUÑA DESCENDENTE
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.
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