Flag Pattern on 4-Hour Chart Spells Doom for Platinum
The flag pattern has formed on the
The yellow lines on the chart indicate the pattern itself. The cyan line (which is derived by subtracting 10 percent of the flag’s height from the flag’s bottom) suggests the entry point for positions in case of a breakout. If the price reach the level shown by the green line (which is at 100 percent of the flag’s height from the flag’s bottom), traders are advised to take profit.
You can download the MetaTrader 4 chart template for this pattern.
If you have any questions or comments regarding this chart pattern for platinum, please feel free to reply below.