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Close:
BAJI / WEDGE MENAIK
Platinum
XPT/USD
4H
There is a rising wedge happening, the price expects a strong bearish continuation as a sign of a breakout.
If price collapses through the support line, the move could identify an extension in the downward direction.
Platinum could attempt a move towards the 1700 zone.
BAJI / WEDGE MENAIK
Platinum
XPT/USD
4H
There is a rising wedge recognized, platinum asks for a further active move as evidence of a breakout.
In case if price breaks through the support, the move could predict price heading to a new direction.
Platinum pulls back towards 1700.
BAJI / WEDGE MENAIK
Platinum
XPT/USD
1H
There is a rising wedge identified and platinum requests a more bigger bearish continuation for clear breakout confirmation.
When price collapses through the support line, the move could indicate a further move down.
Platinum now looks to the 1780 mark as the commodity nears 1790 hurdle.
BAJI / WEDGE MENURUN
Platinum
XPT/USD
1D
The price composes a falling wedge, the price is ready to break out.
A falling wedge is considered to be a technical price action formation that is used to indicate price reversal after a pause if price breaks through the resistance.
There is a possibility of a bullish push up towards 1900.
KANAL MENURUN / DESCENDING CHANNEL
Platinum
XPT/USD
1H
It looks like a descending channel is encountered, the price lacks a next bigger move as proof of a breakout.
A descending channel typically signals that the price will rally further once price breaks above resistance.
There is a probability of a bullish push up to the 1820 level on a breakout of the descending channel.
KANAL MENANJAK / ASCENDING CHANNEL
Platinum
XPT/USD
1H
There is an ascending channel uncovered and the price needs a further active impulse down to confirm a breakout.
An ascending channel typically predicts a tendency to break in the opposite direction when price breakdown occurs.
Platinum targets a move to 1760.
KANAL MENANJAK / ASCENDING CHANNEL
Platinum
XPT/USD
1H
It seems like an ascending channel is spotted, the price calls for a next active move as a verification of a breakdown.
An ascending channel describes a price action formation that predicts extending an downtrend if price breaks through the support.
It is likely that a bearish run to the 1760 zone will happen as door open for a test of 1760.
KANAL MENURUN / DESCENDING CHANNEL
Platinum
XPT/USD
4H
A descending channel is spotted, the price is going to break out.
A descending channel describes a bullish chart indicator that spots a move up if price breaks above resistance.
A bullish continuation towards the 1740 zone is going to happen.
KANAL MENURUN / DESCENDING CHANNEL
Platinum
XPT/USD
1H
There is a descending channel discovered and platinum expects next rise as evidence of a breakout.
A descending channel identifies a specific price action formation that is used to identify a further move up when price breaks through the resistance.
Platinum to move upward towards the 1690 mark on a breach of 1690.
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