7 years of change...Platinum futures' monthly log chart with the 84 month rate of change shows it is cheap vs expensive.
TPL1! trade ideas
Best Enstrument(Platinium) If 1300 leves is broken, anything dont stop the price.
My guess ABC corretion is completed.
Platinium cheper than other emtia enstruments.
If global enflation reach to high level, many investor will prefer to platinium.
go platinum go!Platinum came out of the descending channel with strength and volume, I expect a small retracement to the area of ββthe rectangle to position myself in purchases until the area of ββ$ 1300
Good luck and big proffits!
$PLATINUM #PLATINUM getting ready to ruuuumble! 10-15% hikePlatinum
bullflag formimng nicely, ticking the notches
Looks good for the platinum stonks
Huge inversion for platinum after long term trendline breach!Hello my beauties,
Platinum has breached a long term trendilne and accumulated for about 4/5 years. After a spring and an SOS, the price retested a very long term trendline. Please check my previous analysis below this text.
It is now forming an inverted head and shoulders with a price target of 995.
Don't miss out on monitoring the price around the green area!
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Peace.
Luca, TrickleDownFX
Platinum Wyckoff analysis, Accumulation! 2150 TARGET!Platinum is in Phase D of an accumulation.
It breached a 13 year long trend that lasted from the all time highs in 2008 to the upside.
I'll be entering my long term trade around the 935/920 area.
The price is coming down to retest the long-term trend-line, and will be hitting 2150 according to my point and figure calculations.
Platinum is one of the most used metals in the electric car manufacturing industry, which supports the bullish bias, given the fact that huge oil companies are switching to environmentally friendly solutions.
If you like the idea consider liking it, following me, and supporting me.
Peace.
TrickleDown FX
Long in platinum, looking for 1,500Risk/Reward are really good! I assume the correction is over and now is ready to rise to 1,500 or even more
Good Luck!
Short Platinum for reisstance bounceExpecting a bounce lower off this long term resistance. Probably into the coming weak given recent dollar weakness.
Platinum buy and hold - now at bargain priceThere is strong support holding platinum up. The momentum will continue soon.
Platinum currently selling at a fair price to buy and hold in long term. I suspect it will hit the next two targets within a few months.
Platinum Future: Is the current correction over ???I thinks it is possible. Action in the next few days till tell.
Also watch closely the DXY.
Process your way.
π¨ππ‘ππ©ππ£πͺπ’ ππͺπ©πͺπ§π - Long Term π Trendπ ππ‘ππ©ππ£πͺπ’ ππͺπ©πͺπ§π (ππ1!) β πππΌ
The senior wave degree is borrowed from the counting of the structure for gold and silver , which have a much longer history of quotations. The second slide shows how the correction, presumably the fourth wave of the βSupercycleβ degree, is taking place in most metals, and the commodity market as a whole.
Further, taking into account the fact that the upward wave from the orthodox top (IV) is a single zigzag, it is correct to make an assumption about the formation of the ending diagonal (V) , within which wave III unfolds.
PL1! : π2W
Wave ((A)) in the composition of III of (V) must also take the form of a diagonal . At least, the double zigzag that has passed from the end of wave II , in the context of the senior degree, can be interpreted as the first subdivision in its composition.
PL1! : π1D
The first targets at 38.2% in wave (2) have been reached, the double zigzag W-X-Y of (2 ) looks complete. Growth is expected to resume by the intermediate wave (3) , the minimum targets for which are to go beyond the top of wave (1) .
PL1! : π4h
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
Platinum's "Structural Momentum" Defined Bull EraHopefully Michael Oliver approves my work!
In any case, looks like the bull era for platinum has just started and is completing it's first important pull back.
Platinum looks promisingPlatinum is climbing higher. Today we should see acceleration to confirm the impulsive character of the move.
Platinum ready to pop higherIndicators suggest that the correction on PL might come to the end.
I'm waiting for price action and volume to confirm the assessment.
Platinum's Big Picture Chart Quarterly candles with a custom 15 month moving average. The strong move was made from bear zone to bull zone.
Now time to rest and test those important breakout levels (now support).
Still have a 1430$.
Platinum. Go long with pullback currently. Platinum retested the support at 1140. this is a very strong support technically for platinum.
Additionally, the fundamentals for platinum has not really changed. Buying platinum here with the aim to ride back the demand for the metal which ensures a greener world and lower carbon economy, be it due to the catalytic converters for the internal combustion engines, or be it for the battery technologies that will replace the current mobility solutions
Platinum. Go long with pullback currently. platinum went all the way down to 1149. close to predicted zone. 1145 has not been breached since 10 march and this should be a good place to go long.
Platinum Futures at a Crucial Threshold The price of Platinum is currently trading near a major make-it-or-break-it point, whose further development entails excellent trading opportunities.
On the one hand, the breakdown of the price below the lower boundary of the Flag and the 100-day MA (in blue) signifies a potential correction to the 38.2% Fibonacci retracement.
On the other, the Stochastic RSI suggests that the market is oversold. Given that the price is also consolidating above the 23.6% Fibonacci at present, bulls can use this as an indication that the market may have already bottomed out. Hence, they can look for an opportunity to enter long right away
Platinum Fell From Price Channel After a tightening price range in the uptrend channel, platinum prices have fallen below the price channel flipping the trendline from support to resistance. Next line of support is around 1100. If inflation fears ease, or if stocks take off and crypto continues it's selloff, more money will flow into those markets and I think there may be further downward pressure in platinum. That's my very uneducated opinion. Not financial advice. Be safe and happy trading!
