Platinum is holding strong at the lower trendline of a bullish parallel channel, keeping the uptrend alive. This key support level has previously fueled upward moves, and traders are now watching to see if the rally will continue. Adding to the bullish case, a bullish divergence has formed on the 15-minute timeframe, signaling weakening downward momentum and acting as a strong confluence for a potential bounce.
Further supporting the bullish outlook, sentiment data from MyFxBook shows an overwhelming bias: 91% of traders are long, while only 9% are short. This extreme sentiment, combined with the technical setup, suggests strong buying interest in Platinum.
A bounce off the trendline, supported by the bullish divergence and sentiment data, could reignite upward momentum, pushing Platinum toward the upper channel resistance. However, a break below the trendline might signal a potential reversal.
Further supporting the bullish outlook, sentiment data from MyFxBook shows an overwhelming bias: 91% of traders are long, while only 9% are short. This extreme sentiment, combined with the technical setup, suggests strong buying interest in Platinum.
A bounce off the trendline, supported by the bullish divergence and sentiment data, could reignite upward momentum, pushing Platinum toward the upper channel resistance. However, a break below the trendline might signal a potential reversal.
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RR1 achieved then SL hunt
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.