An ascending channel emerges and the price asks for a further move as a clue of a breakdown.
An ascending channel often results in a further move down if price collapses through the support line.
Platinum is bearish and en route towards the 1620 mark.
下降フラッグ
PlatinumXPT/USD1H
The price creates a bearish flag, the price is ready to break out.
If price breakdown occurs, the move could identify price heading to a new direction.
It is not ruled out that a bearish continuation to 1630 will occur.
上昇フラッグ
PlatinumXPT/USD1H
A bullish flag is close to being completed and platinum wants an active move as an indication of a breakout.
A bullish flag indicates a bullish move once price breaks through the resistance.
Platinum could attempt a move to 1660 once beyond 1645 as extra rangebound not ruled out.
上昇三角形型
PlatinumXPT/USD4H
Platinum forms an ascending triangle and the price breaks out soon.
An ascending triangle typically signals a next move down if price collapses through the support line.
Platinum is at risk of resuming its decline to 1660 on a breach of 1675.
上昇チャネル
PlatinumXPT/USD1H
We can see that an ascending channel has been exposed, the price needs a more bearish action for the certainty of breakdown.
An ascending channel suggests a technical bearish indicator that indicates a change in the prevailing trend in case if price breaks below support.
Platinum risks extra losses towards 1685 as sell-off may continue.
ペナント
PlatinumXPT/USD4H
There is a pennant identified and the price is ready to break out now.
A pennant identifies the more likely potential of rising prices when price breaks out.
It is likely that a further bullish run towards the 1720 zone will form on a break above 1705 as door open for the continuation of the uptrend.
下降三角形型
PlatinumXPT/USD1H
There is a descending triangle spotted, platinum needs steady push up for clear breakout confirmation.
A descending triangle often results in that the price to go long if price breaks out.
There is a probability of a bullish push up towards the 1700 mark as minor hurdle remains at 1696.
上昇チャネル
PlatinumXPT/USD1H
There is an ascending channel coming out and the price is ready to break out.
An ascending channel is believed to be a reliable bearish signal that spots a countertrend succeeding the current trend in case if price collapses through the support line.
Platinum violates bullish trendline towards 1680 on a breach of 1690.
上昇ウェッジ
PlatinumXPT/USD1H
There is a rising wedge materializing and platinum requires a steady move as an indication of a breakdown.
If price breaks down, the resulting move could identify that the price to go down.
Platinum to extend its slide to the 1680 mark on a breach of 1690.