There is a possible EW count for this pair on the chart. If the view in this chart holds true in its entirety, which I think is not very likely, because the lack of a Fib ratio relationship between the waves makes it imperfect, and therefore open to failure, the LMLH will be broken by the W4, which will then visit it again around 23 March 2016. One may wish to...
The monthly look warned us about an imminent reversal, but I have no interest in getting into the train too early. The price has not yet reached the ML. And notice I choose my anchor placed between P1 and P2 of the pitchfork for a better fit, rendering the UMLH as the action line. Thus, I am waiting for a continued bearish action. The final arbiter will be the...
I would love to be on the long side of the market for this precious metal after the green TL is broken. The price is headed to test the old lows, and I am suspicious if we will hit the horizontal red line or not. In any case, it seems we will test the green TL in the immediate future. If it's broken, it will mean the correction starts, and it may most probably...
Waiting 884 to break to enter long on platinum for long term
with the feds interest rate decision coming up on the 16th i think people will be looking for safer assets to put their money into and platinum is at a very long term support level and at a shorter term support level... i would probably wait to actually take a position at least till the upper resistance trend channel is broken.
Blue lines are resistance line broken 2003, became support 2004 and retested again 2008.
Start adding here. Excellent risk reward at the bottom of the channel and near oversold levels. 2.41% loss at previous lows vs potential 8%/27% gains. ------------------------------------------- For leveraged play on the bounce: Platinum Group Metals LTD
Only stocks carry long term value at all time high levels! Metals at 8-10 years lows do not!!! :-) The world has become very strange in last 3 years. These spreads will adjust at some point, but we don't know when and how. Looking at Platinum only, we see it is even more bearish than Gold, however it is reaching interesting levels. Monthly: - Long term bearish...
Who listen to heavy metal musics? ^_^, i do well, is the metal commodities are about making their way back fundamentally? Platinum price could be in the bottoming process of forming inverted Head and shoulders Ideally, price should not break too low below right shoulder and in case price breaks beyond the head, the entire IHS pattern will be rendered invalid. i...
Platinum (PLV15) H&S confirmed. Target is 853.1 by the 07Oct15. Probability H,