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CANAL DESCENDANT
Platinum
XPT/USD
4H
There is a descending channel uncovered and the price is ready to break out soon.
In case if price breaks out, the move could signal a sharp rise.
Platinum to push up to the 1900 level once beyond 1860.
FANION
Platinum
XPT/USD
1H
There is a pennant appearing and platinum needs a more bigger move to confirm pennant breakout.
A pennant can be thought of as a useful price pattern that identifies that the price to go down once price breakdown occurs.
A bearish move towards 1800 is likely to happen.
CANAL DESCENDANT
Platinum
XPT/USD
1H
We can see that a descending channel has been found and the price is going to break out.
A descending channel is believed to be a reliable indicator that often predicts a bullish price action when price breaks above resistance.
Platinum to prolong the growth phase to the 1900 level.
RECTANGLE
Platinum
XPT/USD
1H
There is a rectangle noticed and the price requests a further strong move as an indication of a breakout.
A rectangle is believed to be a bearish formation that typically spots that the price to go short if price breaks out.
It is possible that extra downside towards the 1900 mark will take place amid rising bets for the move.
RECTANGLE
Platinum
XPT/USD
1D
It seems like a rectangle is spotted and the price is about to break out soon.
Once price breaks out, the move could signal a bearish price move.
It is likely that a rangebound to 1900 will be made.
CANAL ASCENDANT
Platinum
XPT/USD
1H
There is an ascending channel encountered.
When price breaks out, the move could predict the more likely potential of falling prices.
A bearish run to 1940 is not ruled out as the mood may get worse.
CANAL DESCENDANT
Platinum
XPT/USD
1H
A descending channel has been determined and the price is breaking out.
A descending channel tends to be a compelling price pattern with a downward bias that is used to indicate an extension in the upward direction once price breaks through the resistance.
It is possible that a further bullish push up to the 2000 zone will take place on a breakout of the descending channel.
CANAL DESCENDANT
Platinum
XPT/USD
1H
It looks like the price establishes a descending channel, the price requests more bigger push up for clear breakout confirmation.
A descending channel identifies a reliable bullish price pattern that indicates reversals in downtrends when price breaks out.
Platinum to turn bullish to 2040 as the commodity nears 2030 hurdle.
TRIANGLE DESCENDANT
Platinum
XPT/USD
4H
It seems like the price shows a descending triangle, the price breaks out.
A descending triangle describes a price formation that can be used to predict an extension in the downward direction if price collapses through the support line.
There is a possibility of a rangebound to the 1950 level as platinum is at a brink of a bearish breakout.
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