Platinum is on its way downwards to develop wave Y in light green and still has got room to expand. Indeed, there is a 30% chance that the price could even drop into the green zone between $758 and $659, establishing the low of wave Alt.Y in light green instead. Primarily, though, we expect platinum to turn upwards before reaching the green zone.
taking a shot here buy: 998 or lower. Stop: 990 The model: The Ingenuity Trading Model is a Geometric Markov Model with specific inputs related to Price, Time, Volume , and Volatility. The model attempts to predict local minimums in price on a daily and weekly basis. A fancy way of saying a trading system that detects specific patterns in price, time, volume,...
NO GO for #platinum (priced in #gold), until this happens... Use charts, avoid opportunity cost. notes couple of FBO nothing to do below this line
Platinum Futures At present Precious Metals all seem to have the wind at their back on longer timeframes. - A H&S pattern with a potential breakout within a - Cup&handle with a potential breakout within a - A long term pennant with a potential breakout. RSI Indications - You can see how the green/red circles and resistance lines provided great entries and...
While crowd is still asleep, worried about #bitcoin and #tesla... #Platinum showing some teeth and treading ABOVE its very important early breakout line!
Precious metals are taking a hit and platinum is one of them. I just opened a short position. If it bounces off the flag support I'll add. If you don't want to complicate your life shorting the futures, go with the ETF PPLT. That's what I'm doing.
platinum to gold ratio has been going down for 15 years. why would this change?
Title: Platinum Futures ( PL1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 1068.8 Pivot: 1022.0 Support: 971.4 Preferred case: Looking at the H4 chart, my overall bias for PL1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Expecting price to retest the pivot at 1022.0, where the overlap...
Title: Platinum Futures ( PL1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 1068.8 Pivot: 1022.0 Support: 971.4 Preferred case: Looking at the H4 chart, my overall bias for PL1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Expecting price to retest the pivot at 1022.0, where the overlap...
Im thinking this could be a strong short term entry which could be held strong in its bullish momentum over a long term period of time since market structure has already broke above the DAILY EQUAL HIGHS marked in the blue zone. COMMENTS ON THIS TRADE WILL BE MUCH APPRECIATED.
NYMEX:PL1! Platinum is breaking out. Target 1 = $1248 Target 2 = $1419 The flagpole added to the breakout level projects to the 1.618 Fibonacci Extension aka Target 2. Fat_Fat
HELLO GUYS THIS MY IDEA 💡ABOUT PL1! is nice to see strong volume area.... Where is lot of contract accumulated.. I thing that the buyers from this area will be defend this LONG position.. and when the price come back to this area, strong buyers will be push up the market again.. UP TREND + Resistance from the past + Strong volume area is my mainly reason for...
Keep an eye on platinum to hit 990 then rise higher -Inflation has not be curved yet -Interest rate continue higher -until those reverse Things will continue to be more expensive Limit order @ 990 SL@ 9825 (Risk -750 Per contract) 1st TP @ 1050(+2500) 2nd TP @ 1090(+3500)
The Bear market in Platinum characterised by a 15 year downtrend in a Descending triangle formation has broken out a second time (first being a headfake) coupled with the severe historical undervaluation when comparing against M2 strengthens the idea of a renewed bull market past $3000 over the next 3-5 years if historical bull markets are anything to go...
Title: Platinum Futures ( PL1! ), H4 Potential for Bullish Momentum Type: Bullish Momentum Resistance: 1037.8 Pivot: 974.3 Support: 940.9 Preferred case: The current bias for PL1! on the H4 chart is bullish . To add to this bias, the price is currently trading above the Ichimoku cloud and ascending trendline, indicating a bullish market. If the bullish momentum...
Title: Platinum Futures ( PL1! ), H4 Potential for Bullish Momentum Type: Bullish Momentum Resistance: 1037.8 Pivot: 974.3 Support: 940.9 Preferred case: The current bias for PL1! on the H4 chart is bullish. To add to this bias, the price is currently trading above the Ichimoku cloud and ascending trendline, indicating a bullish market. If the bullish momentum...
platinum seems cheap over the long course of time platinum was historically cheaper than palldium but now no
Type: Bearish Momentum Resistance: 975.5 Pivot: 940.7 Support: 914.0 Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is crossing the Ichimoku cloud and breaking ascending channel , which indicate a bearish market. The price may drop from the pivot at 940.7, which is in line with the 38.2% fibonacci retracement to the 1st...