Open:
High:
Low:
Close:
DESCENDING CHANNEL
Platinum
XPT/USD
1H
It seems like a descending channel is almost done, the price is going to break out now.
A descending channel provides a reliable bullish formation that indicates that the price to go long if price breaks out.
It is possible that a bullish run to the 2300 mark will form on a breach of 2270.
สี่เหลี่ยมผืนผ้า
Platinum
XPT/USD
1H
It seems like a rectangle is almost completed and the price breaks out now.
In case if price breaks out, the resulting move could indicate a bearish price move.
Platinum risks a correction to 2250 on a breach of 2270.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
We can see that an ascending channel comes out and the price demands a next bigger move to confirm a breakout.
An ascending channel is considered to be a pattern that is angled up that can be used to predict the bulls have run out of steam when price breakdown occurs.
A bearish move towards 2300 is possible while lower than 2360.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
There is an ascending channel identified.
An ascending channel can be thought of as a reliable price action formation that is angled up that can be used to predict a break in the price direction in case if price breaks out to the the downside.
Platinum to extend the correction lower towards 2300 while lower than 2340 as there is a chance for a downside correction.
BEARISH FLAG
Platinum
XPT/USD
1H
There is a bearish flag recognized.
A bearish flag is believed to be a reliable bearish price indicator that can be used to indicate a next move down if price breakdown occurs.
Platinum to continue the dereciation trend to 2200.
สี่เหลี่ยมผืนผ้า
Platinum
XPT/USD
1H
There is a rectangle happening.
A rectangle is believed to be a specific chart indicator that results in that the price to go up in case if price breaks out.
Platinum risks a move towards 2200 as platinum challenges 2170 hurdle.
รูปแบบจั่วแบบขึ้น
Platinum
XPT/USD
1H
It looks like a rising wedge is close to completion.
If price breaks below support, the move could identify a bearish price action.
A rangebound to the 2100 mark is probable on a break below 2140 as the commodity challenges 2140 hurdle.
PENNANT
Platinum
XPT/USD
1H
It looks like a pennant is close to being done and the price is going to break out.
A pennant is considered to be a signal that predicts that the price will rally further if price breaks out.
Platinum hints a change to the upside to 2150 on a breach of 2140 as platinum becomes supported.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
There is a descending channel occuring and the price wants a move as a clue of a breakout.
A descending channel is believed to be a reliable pattern that typically predicts that the price to go long once price breaks above resistance.
There is a possibility of a further bullish move to 2150 as platinum becomes bullish.
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