P
Platinum
Platinum / U.S. Dollar
Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin
LAND SECURITIES GROUP PLC ORD 10 2/3P, BURFORD CAPITAL LIMITED ORD NPV (DI), SMITH & NEPHEW PLC ORD USD0.20, BIDSTACK GROUP PLC ORD 0.5P, LLOYDS BANKING GROUP PLC ORD 10P, BARCLAYS PLC ORD 25P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Platinum will rise next week keep it in the portfolio or double your investment The Target 1115 USD
Trade 1 Target is 2 x the size of the candle (this strategy already appears to be more successful) = 973.8 entry is 1/3 of the size of the candle =958.2 stop order = 956.8 Trade 2 Target = 999.4 entry 983.5 stop order = 975.2 Trade 3 Target = 988.2 entry = 979.2 stop order =973.5 Although the targets are smaller, they are easier to accumulate over the time...
Entry = 1002.2 Stop Order =994.1 Target (4%) = 1040.4 The reason why I placed such a high target was that the trend was so bullish, 3% was already achieved by the succeeding candlestick, I therefore increased my target by an extra 1%. I also indicated other suitable entries. Platinum is certainly an area I will take a great deal of interest in.
Pretty clear weekly close here above the falling trendline for the last 5years.
For Platinum, the seasonal gain is quite clear. I'm very hapy to see positive price action at this time, making it a good edge on this trade.
Long term trend lines needed to make sense of current price action. Can only see this falling further.
Likes W shapes and double bottoms. Looks like we might have another which would give a long trade to around $1160 from here.
follow up to post from a few days ago. First target of $11.07 hit. Long now to $11.81 to retest the long-term resistance. I suspect it will form an inverse H&S upon hitting that resistance to build strength for potential higher move still.