Open:
High:
Low:
Close:
ASCENDING CHANNEL
Platinum
XPT/USD
1H
There is an ascending channel materializing, the price asks for more push down for clear breakdown confirmation.
When price breakdown occurs, the move could indicate a next move down.
It is possible that corrective downside towards the 2350 level will take place amid rising bets for the move.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
It seems like an ascending channel has been identified, platinum needs a more bigger move as proof of a breakout.
An ascending channel often spots an upward trend is nearing its end if price breaks through the support.
Platinum does not rule out a move to the 2350 zone as extra rangebound not ruled out.
DESCENDING TRIANGLE
Platinum
XPT/USD
4H
As we can see a descending triangle materializes.
A descending triangle typically spots extending an uptrend when price breaks through the resistance.
A bullish continuation to 2400 stays on the cards on a breakout of the descending triangle.
DESCENDING TRIANGLE
Platinum
XPT/USD
1H
A descending triangle is almost done.
A descending triangle often signals a sharp rise once price breaks above resistance.
Platinum to extend its advance to the 2340 zone.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
An ascending channel is found, the price lacks a bigger impulse down as an information of a breakout.
An ascending channel provides a specific price signal that is used to spot that prices move counter to the prevailing price trend once price breaks down.
Platinum set to accelerate its decline towards the 2300 zone as the commodity challenges 2330 hurdle.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
As we can see an ascending channel is almost finished.
In case if price breaks down, the resulting move could signal a next move down.
It is not ruled out that extra downside to 2300 will occur.
สี่เหลี่ยมผืนผ้า
Platinum
XPT/USD
1H
The price creates a rectangle and platinum requests a further move to confirm rectangle breakout.
A rectangle represents a useful price signal that results in that the price to go up when price breaks out to the the upside.
A bullish price action towards 2350 looks likely.
BEARISH FLAG
Platinum
XPT/USD
1H
There is a bearish flag discovered.
Once price breaks down, the move could identify that the price to go down.
Platinum violates bullish trendline towards 2250.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
It seems like a descending channel develops, platinum needs a strong bullish move for the certainty of breakout.
A descending channel is said to depict a reliable indicator that is used to signal an extension in the upward direction when price breaks out to the the upside.
Platinum dives out bearish trendline to 2300 amid platinum reclaims part of the ground lost.
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