Daily:
- Ichimoku setup is still bullish: Tenkan above Kijun, Kumo is bullish, Price is above Kumo and what is important now it is trying to climb back above Kijun Sen too! Chikou Span (lagging line) still above past candles, and actually turns up.
- Heikin-Ashi candle may signal end of pull back, and possible start of bullish price action again. haOscillator...
My previous short idea for platinum didn't work out as price violated the red trend line in a strong way to the upside. Now price has reversed down again and it looks like the bearish momentum will continue. The first trend line to pay attention to is the blue one. If that one breaks, I would expect further resistance at the red trend line, which will help us stay...
XPTUSD has just ended a strong uptrend and now started to trend lower again. Price appears to respect the trend line with three tests so far. This is a good potential entry point for shorts. About 4.30% downside until first major resistance.
- Rather resilient as prices managed to consolidate below psychological barrier at 1100
- Elliott wave count say one more thrust of wave 5
- Wave 5 should equal wave 1 and our estimate is for 1140ish
- This could be a repeat fractal from previous low
- Looking for big resistance then if it plays out
- Next sell off is a big buy but we have to be patient
Weekly:
- Very promising in the long term, we likely see the start of a new major bullish trend. However for strategic bulls Ichimoku needs to give one more confirmation: Chikou cross above Kumo cloud.
- Heikin-Ashi signals minor loss of momentum after decent rally from Kijun to a new high above 1100. haDelta/SMA3 cross down, but still weell above zero.
- EWO and...
Platinum is showing several signs of a peak to place a short with good risk/reward. The CCI is now re entering below 100 after travelling on a highly overbought region. Also, this peak coincides with the upper 0,5 line of the pitchfork. A first target on the lower 0,5 line around the same line of the 0,5 fib.
Thanks for your comments.
Equal leg higher
A pullback is a bear trap - upside risk reward seems more viable
Pullback from current higher is deem appropriate to test strength - also to clear out weak longs
Daily:
- Bullish ichimoku setup, with support zone 1125-1145 (Tenkan-Kijun and Senkou lines area)
- Heikin-Ashi warning! haDelta has been diverging for a while. Today we may have first candle of indecision, with both upper and lower wicks and with an inside body. This indicates consolidation / pull back.
4H:
- Ichimoku setup is bullish, but market is losing...
Major setup is still bullish on Platinum, but on 4H I already see serious negative divergences. For this reason I took profit on my longs (opened at 992 and 1005). Tech details below:
Daily:
- Ichimoku setup is bullish
- Heikin-Ashi candle is still bullish, but haDelta hit extreme high two days ago. haDelta/SMA3 started to correct lower, while we still saw...
Hi,
Platinum PTUSD is very interesting in this moment. It is converging to a strong supply, giving a possibility to take a good sell trade. Of course accepting the risk.
I am a Trader of profiting.me
Thank you
Girolamo Aloe
