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CANAL DESCENDANT
Platinum
XPT/USD
1H
We can see that a descending channel forms, the price is going to break out.
A descending channel is said to depict a compelling bullish signal that indicates that the price will rally further once price breaks out to the the upside.
There is a probability of a bullish run to the 1980 zone.
CANAL DESCENDANT
Platinum
XPT/USD
1H
It seems like a descending channel is close to being completed.
A descending channel tends to be a technical formation that results in a tendency to break in the opposite direction when price breaks above resistance.
Platinum to resume its rise to 1980 while above 1965.
TRIANGLE DESCENDANT
Platinum
XPT/USD
1H
A descending triangle is very close to being completed, the price is breaking out.
A descending triangle tends to be a reliable bearish price indicator that can be used to predict a further move down if price breaks out to the the downside.
It is not ruled out that a move to 1960 will take place on impulse below 1965 as bears looking for downside correction.
CANAL ASCENDANT
Platinum
XPT/USD
1H
An ascending channel is close to being complete.
In case if price breakdown occurs, the move could identify the bulls have run out of steam.
Platinum risks extra losses towards 1990.
CANAL ASCENDANT
Platinum
XPT/USD
1H
There is an ascending channel appearing and platinum demands more pullback for the certainty of breakout.
An ascending channel spots a potential reversal in price action once price breaks down.
Platinum points to the downside towards the 1980 level on a breakout of the ascending channel as risk reversal sheds bullish bias.
CANAL DESCENDANT
Platinum
XPT/USD
4H
A descending channel is noticed, the price breaks out now.
A descending channel describes a bullish price action indicator that often predicts the bears have run out of steam when price breaks out.
Platinum points to the upside to 2050 on impulse above 2000.
CANAL ASCENDANT
Platinum
XPT/USD
1H
It seems like an ascending channel develops and the price needs a bigger move as a clue of a breakout.
An ascending channel predicts a tendency to break in the opposite direction in case if price breaks below support.
There is a probability of a rangebound towards the 1980 mark on a breakdown of the ascending channel.
CANAL DESCENDANT
Platinum
XPT/USD
4H
There is a descending channel turning up, the price breaks out.
A descending channel often predicts a next move up when price breaks above resistance.
There is a probability of a further bullish price action to 2000 as platinum challenges 1960 hurdle.
CANAL DESCENDANT
Platinum
XPT/USD
1H
As we can see the price establishes a descending channel, platinum needs bigger rise as proof of a breakout.
A descending channel typically indicates extending an uptrend when price breaks through the resistance.
Platinum turns higher towards 1940 as weakness seen overdone.
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