There is a descending triangle developing and platinum demands a next active bullish impulse as an indication of a breakout.
A descending triangle results in that the price to go long in case if price breaks out to the the upside.
Platinum to move upward to 1660.
上升通道
PlatinumXPT/USD1H
There is an ascending channel uncovered, the price breaks out soon.
When price breaks down, the resulting move could identify a temporary interruption of an existing trend.
Platinum to fall to the 1640 zone.
看跌旗形
PlatinumXPT/USD1H
A bearish flag is nearing completion and platinum expects next pullback for clear breakout confirmation.
A bearish flag is believed to be a bearish price action signal that is used to indicate a next move down once price breaks below support.
A bearish push down to 1650 is about to happen on a breach of 1654.
三角旗形
PlatinumXPT/USD1H
The price forms a pennant, the price calls for a bigger correction as a verification of a breakout.
A pennant represents a reliable bearish price pattern that is used to indicate a bearish price action when price breaks out to the the downside.
Platinum to continue lower to the 1640 mark as extra rangebound not ruled out.
看涨旗形
PlatinumXPT/USD1H
There is a bullish flag revealed, the price calls for a bigger move as an indication of a breakout.
A bullish flag provides a chart formation that is angled down that signals that the price to go up once price breaks out to the the upside.
There is a possibility of a further bullish price action to the 1680 zone.
看涨旗形
PlatinumXPT/USD1H
As we can see the price builds a bullish flag.
A bullish flag tends to be a specific price action formation that has a downward slope that typically identifies a countertrend succeeding the current trend in case if price breaks above resistance.
Platinum to increase bullish potential to the 1660 level on a breakout of the bullish flag.
下降三角形
PlatinumXPT/USD1H
A descending triangle is almost finished and the price demands more active push down for the certainty of breakout.
A descending triangle typically indicates the bulls have run out of steam once price breaks out.
Platinum risks potential downside towards 1650.
上升通道
PlatinumXPT/USD4H
There is an ascending channel revealed, the price is about to break out.
In case if price breaks through the support, the move could spot a next move down.
A bearish run to 1600 is on the cards on impulse below 1660.
上升通道
PlatinumXPT/USD1H
There is an ascending channel developing.
An ascending channel signals a next move down in case if price breakdown occurs.
Platinum to accomodate to the 1680 mark.