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Very strong divergence on the 4 hour time-frame, we might be at the start of a new bull run for XPTUSD.
Solid Friday closing as Platinum managed to close above Thursday's open and take out the double bottom highs on the 4 hour chart, good 1:4 RR. Targeting the 4 hour 100 MA Value.
Despite correction, professional participants of the options market continue to gain a LONG position with target 1000 and above in middle-term
Source : CME Group
Platinum (XPTUSD) is having a strong start to the week following a streak of 2 red 1W candles rejected on both the 1W MA50 (blue trend-line) and 1W MA200 (orange trend-line). Regardless of the obvious 1W Golden Cross pattern that those two are aiming to complete, the price got again near the 895 - 903 Support Zone, which has been closing all 1W candles above since...
Greetings all,
Wishing you a fruitful week ahead.
I would like to share two business ideas I have developed using the Elliott Wave Principle with you.
For further clarification, please refer to the attached chart.
Your continued support is greatly appreciated and I look forward to our mutual success.
Best regards,
red area is good for sell and green area is good for buy. stop loss ia under the support area for buy and for sell upper the area. yoy can get a confirmation like apinbar or ingulf
Technical Analysis:
As you can see, there exist a Hidden Bullish Divergence with MACD and it is the very sign of bullish trend continuation as the Price is Bullish Bounding in an ascending channel.
We draw Fibonacci retracement from the low to the top of previous impulsive wave for specifying the Bullish Cycles and the Possible Pivot Points and Reaccumulation...
Hi my friends ....Look at beautiful pop up in platinum as you saw my last prediction (4July tradingview post,scroll down) now i want to close my long (5% pop up in platinum).
guys if my analysis is beneficial for you share it please .
my previous post about platinum :https://www.tradingview.com/chart/PLATINUM/Ztffi7yh-Platinum/
be with us .
Good luck
Platinum futures are currently trading at around $925 per ounce, not far from an 8-month low of $894 hit on June 28th. The market is currently focused on concerns regarding China's growth recovery losing momentum and has already factored in a projected deficit for this year. Despite demand concerns in China, the World Platinum Investment Council has revised its...
Hi guys
I hope you have a wonderful week of successful and profitable deals.
Elliott wave principle analysis
Friends, all the necessary information is provided in the chart.
I sincerely appreciate your support.
with best wishes!
Platinum price is currently testing double support - white horizontal and the more important blue TL which is also the bottom of the range of a larger bullish channel.
Ideally, we would like to see above higher from here to around 1150 - 1190. Alternatively, targets to the downside are 918 and possibly 830.
If XPT bottomed is in and bulls wants to take over.
The recent high was 2300… but can it go higher. Bet it can if it goes any higher then I’ll say around $3000.
If the 900$ area still strong as it is and going to break out.. then my target for the Platinum ATH is 3000$ but maybe you think could go maybe 5000$.
What do you think? If platinum bottomed in and bull...
Hi guys
I hope you have a good week, experience successful and profitable deals
Elliott wave principle analysis
Friends, all the details are indicated in the chart
Thank you very much for your support
Good luck!
