I've been watching platinum closely for the past month and a half as I discovered a mean-reversion pattern that has repeated itself several times since 2011. Using a 200-Day Disparity Index, which measures how far current price is from the 200-Day Exponential Moving Average (EMA200), you can clearly see that platinum tends to set cyclical lows when it is around...
Observations 1. Divergence between price and stochastic as seen on chart 2. Expecting price to rise to the 1.618 Fib extension @ 1358 3. 100EMA will probably come down to meet the 161.8 Fib extension 4. Entry discussed on the H4 time frame (basically on a break of 100EMA on H4) 5. Stop Loss in case of entry is below the lows
SETUP for a Swing Trade with 5 to 1 and 10 -1 risk reward. ENTRY Range, Initial STOP, and 2 different Target levels listed on Chart. Any Questions happy to answer how I use this setup to make consistent profits. Setup= 1. Bollinger Band extreme with strong bullish candle followed by 2 days closing above that candles low. Pattern has repeated again and again. ...
A pullback above the 38.2 (T1) could lead to 61.8 (T2).
Performance table from May 2013 - Oil, Palladium, Wall Street, Platinum, Copper, Gold, Silver in that order. Should be self-explanatory. I would be interested in any educated conclusions.
The Platinum / US Dollar pair (XPTUSD) 4H Diagram Technical Analysis Training shows the following: The XPDUSD pair has made a long development and now is above all indicators. The support line is above the KUMO so we are on a long term bullish mode. The daily diagram is bullish and the weekly/monthly diagram shows bullish trend. So the first think in mind is...