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Platinum USD per ounce Futures

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XPTUSD1! trade ideas

BUY!BUY!BUY!Disclaimer: thank you for taking your time to look at my idea please understand that I didn't publish it to influence your decision to invest your money and void myself of any responsibility towards your investments. Ticker: I don't specialize in the companies sector, I was inspired to publish my idea independently. Tip: Check another tradingview publication if your looking for something you can't find here. Thank You, +AndrewAponas+ P.S. I apologize for any inconvenience my publication could have caused you and humbly ask that you contact me with your concerns before reporting my work to a moderator.
NYMEX:PL1!Long
by UnknownUnicorn6941191
Platinum Futures: Time to change direction to bullish?Platinum is at a long term log down trend line from 2008. With the US dollar now falling I favor this line will soon be broken and uptrend begin. Technical observations that support this idea are: 1. Bullish divergence in the monthly RSI. 2. Huge up volume on the last price drop (seen monthly chart). Volume spikes often occur at tops and bottoms. 3. Less important but I think the EWT count is favorable. They may be a brief pullback before a up surge but maybe not. I see the first target at about 1320, but IFFFFF analysis is correct it may someday exceed the 2300 high. Take care. Process and trade your way. Feedback always welcome.
NYMEX:PL1!Long
by goodguy