Type: Bullish Momentum
Resistance: 975.5
Pivot: 939.4
Support: 914.0
Preferred case: On the H4 chart, we have a bullish bias. To add confluence to this, price is above the Ichimoku cloud and ascending channel , which indicate a bullish market. The price may rise from the pivot at 939.4, which is in line with the 38.2% fibonacci retracement to the 1st resistance...
Type: Bullish Momentum
Resistance: 975.5
Pivot: 939.4
Support: 914.0
Preferred case: On the H4 chart, we have a bullish bias. To add confluence to this, price is above the Ichimoku cloud and ascending channel, which indicate a bullish market. The price may rise from the pivot at 939.4, which is in line with the 38.2% fibonacci retracement to the 1st resistance...
●● Preferred count
● Platinum Cash (PL.C), 🕐TF: 20D
Fif.1
The counting of long-term waves only confirmed the priority of the scenario defined in the previous review, in the context of which the supercycly wave (V) unfolds the ending diagonal . This hypothesis assumes the continuation of price growth within wave III , which will take the form of a...
Platinum break supporting trend line.
Now strong support level 873.00
after break 873.00 level double top formation complete.
next target
840
810
795
770....
Platinum has been very volatile since the lows from back in Mid-July. We saw a great run to the upside off some oversold levels near 806, and the market tapped out right at the 200-day MA and turned to the downside with some dollar strength. The market since has re-tested and briefly broke below the 806 lows, again in very oversold territory, and has made another...
Type : Bearish Drop
Resistance : 883.8
Pivot: 858.9
Support : 833.2
Preferred Case: On the H4, with price going within the descending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to the pivot at 858.9 where the overlap support is. Once there is downside confirmation that price has broken pivot structure, we would...
Type : Bearish Drop
Resistance : 883.8
Pivot: 858.9
Support : 833.2
Preferred Case: On the H4, with price going within the descending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to the pivot at 858.9 where the overlap support is. Once there is downside confirmation that price has broken pivot structure, we would...
The Platinum market rebounded nicely off the inverse head and shoulders pattern from the lows on July 14th, climbing through resistance and getting stuck right at the 200-day moving average. The market was near overbought levels, and the recent strength in the dollar has pushed Platinum back to old resistance, which will now act as a support pocket. If there is...
Platinum is responding to technicals and fundamentals. The recent pullback is holding constructively out above several converging support indicators. Fundamentally, Plantinum is finding a bid after Industrial Production topped expectations +0.6% MoM v +0.3% exp. The strongest component was Motor Vehicles and Parts +6.6% MoM. Relief from semiconductor supply chain...
Type : Bullish Rise
Resistance : 891.7
Pivot: 870.5
Support : 850.3
Preferred Case: On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 870.5 where the pullback resistance is. Once there is upside confirmation that price has broken the pivot , we would expect...
Type : Bullish Rise
Resistance : 891.7
Pivot: 870.5
Support : 850.3
Preferred Case: On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 870.5 where the pullback resistance is. Once there is upside confirmation that price has broken the pivot , we would expect...
Platinum has been trending lower for more than four months, the March peak, and is finally showing signs of a potential bottom. Yesterday's whipsaw helped complete the right shoulder of an inverse head and shoulders pattern. Upon doing that, it also back-tested the trend line from its June peak, holding it as support perfectly. The large range consolidation over...
Type : Bullish Rise
Resistance : 871.0
Pivot: 832.1
Support : 806.9
Preferred Case: On the H4, with RSI moving along an ascending trendline and price breaking out of a descending channel , we have a bullish bias that price will rise from the pivot at 832.1 where the pullback support and 61.8% fibonacci retracement are to the 1st resistance at 871.0 in line with...
