platinum monthlyGreat opportunity for #platinum morphing into existence...
stay clear below this 16 year breakout line
the potential is there... but no need to front run and possibly get trapped
PL buy outside Pivot Point rangeI showed 6 months of trades and channelged people to find a day that closed outside the PP range. usually efore the market closes if we are below S6 we rally back up into the range. If we are above R6 we fall down back into the range.
This is a high probability trade, especially if you measure ho
EWT says PL platinum is about to rumbleThe next wave will likely be a wave 5 up. Current PT 1133
That selloff was paper Selling, I hope everyone used stop losses.
However now we are here near the bottom of wave 4. just above S5, a powerfull buying level.
I don't know exactly when the selling ends but right now there are the potent
Platinum: annual count update🔵 Preferred count
● Platinum Cash (PL.C), 🕐TF: 20D
Wave counting from 10/15/2022. Fig.1
The counting of long-term waves does not require revision. As before, price growth is predicted within the zigzag Ⓐ-Ⓑ-Ⓒ inside the ending diagonal (V) of ((III)) .
● NYMEX:PL1! , 🕐TF: 1D
Wa
PLatinum LONGWe ae at major support, a recent TOP wave 1 in blue.
This is a counter trend corrective wave 4. When the trend returns I expect a wave 5 up. Long complex, trend based... The longest wave often.
Mucho profit, more later will b e added
I have made many good and profitable calls to go long on PL
In Platinum, Triangle formed. 1st Target 1882, 2nd Target 2763.Triangle Pattern formed in Platinum Future, wait for the Breakout. Because Breakout is the Confirmation market move to the Bullish Trend. And 1st Target price is 1882, 2nd Target price 2763.
This is for Long Term Analysis.
I want to help people to Make Profit all over the World.
3 contracts Short on PlatinumBreakout of trendline | Fib retreacement | Short trend till 966 in order to close the previous inefficiency.
Adding one more contract Short on Platinum in case of break Waiting for the break to short one more contract on PL.
Ready to close the trade once all inefficiencies are covered.
Advice on trading Platinum PLPL is very volatile, by comparison with NQ it makes the NASDAQ look a little tame. Today I called for VWAP and we reached it, 1016.10 Then I called for long term support at 1022.4 we reached 1020. BUT beware a fast selloff.
Right now we are cimbing up from 1008, at 1012.20. I think we can eas
Platinum 2WDue to the placement of the platinum price at the lowest weekly Bollinger support level and investors entering to buy platinum last month, we can expect an increase in the price of platinum and other metals in the next 3 weeks up to the specified targets.
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Frequently Asked Questions
The current price of Platinum Futures is 955.5 USD — it has fallen 0.35% in the past 24 hours. Watch Platinum Futures price in more detail on the chart.
The volume of Platinum Futures is 4.43 K. Track more important stats on the Platinum Futures chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Platinum Futures this number is 63.32 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Platinum Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Platinum Futures. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Platinum Futures technicals for a more comprehensive analysis.