Platinum, potential bullish Gartley, not a perfect 61.8 though
price retouched the trendline, we can short here according to the structure. but it might turn into a huge long, when price crossed the trendline.
Platinum, bullish flag, pointing to 1175. I was expecting a larger pull back for platinum. but it turned so bullish.
- Rather resilient as prices managed to consolidate below psychological barrier at 1100 - Elliott wave count say one more thrust of wave 5 - Wave 5 should equal wave 1 and our estimate is for 1140ish - This could be a repeat fractal from previous low - Looking for big resistance then if it plays out - Next sell off is a big buy but we have to be patient
Weekly: - Very promising in the long term, we likely see the start of a new major bullish trend. However for strategic bulls Ichimoku needs to give one more confirmation: Chikou cross above Kumo cloud. - Heikin-Ashi signals minor loss of momentum after decent rally from Kijun to a new high above 1100. haDelta/SMA3 cross down, but still weell above zero. - EWO and...
XPTUSD HAVE BIG POTANTIAL FOR LONG JUST WE NEED TO FALLOW CHART OR SET UP BUY STOP FOR FUTURE...
Platinum is showing several signs of a peak to place a short with good risk/reward. The CCI is now re entering below 100 after travelling on a highly overbought region. Also, this peak coincides with the upper 0,5 line of the pitchfork. A first target on the lower 0,5 line around the same line of the 0,5 fib. Thanks for your comments.
Equal leg higher A pullback is a bear trap - upside risk reward seems more viable Pullback from current higher is deem appropriate to test strength - also to clear out weak longs
Daily: - Bullish ichimoku setup, with support zone 1125-1145 (Tenkan-Kijun and Senkou lines area) - Heikin-Ashi warning! haDelta has been diverging for a while. Today we may have first candle of indecision, with both upper and lower wicks and with an inside body. This indicates consolidation / pull back. 4H: - Ichimoku setup is bullish, but market is losing...
PLATINIUM
Major setup is still bullish on Platinum, but on 4H I already see serious negative divergences. For this reason I took profit on my longs (opened at 992 and 1005). Tech details below: Daily: - Ichimoku setup is bullish - Heikin-Ashi candle is still bullish, but haDelta hit extreme high two days ago. haDelta/SMA3 started to correct lower, while we still saw...
Hi, Platinum PTUSD is very interesting in this moment. It is converging to a strong supply, giving a possibility to take a good sell trade. Of course accepting the risk. I am a Trader of profiting.me Thank you Girolamo Aloe
Platinum, channel, support and resistance
Platinum has been in a correction since 2008. Since then it has established a clear lower support of this massive sideways move. Even though the current market phase is a correction, it yielded some opportunities to make profits. Right now price is appraoching the balance zone, but the lower support hasn't been hit in that internal downtrend that was going on...
3drives + ABCD having a go at the long side with small risk... see what happens...