Platinum - 21st October 2024 | @ 137 Days | + 11.49%
Last trade: +11.49% | 'B' class signal detected in Platinum (XPT/USD). Running at an average wavelength of 137 days over 11 iterations since August 2020. Currently peaking
ΣL Cycle Summary
This now more stationary component, upgraded to a ‘B’ class signal, moved up as anticipated during September and is now peaking. The cycle isolated here punctuates an underlying trend that is largely sideways for several years. Bulls will be hoping for a shallower move down into late December, followed by more upside to maintain the larger, ranging structure.
Trade Update
Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous report for this instrument, linked below.
Type: Buy - Platinum 6th October, 2024
Entry: 6th August 2024 @ 914.85
Exit: 21st October 2024 @ 1019.95
Gain: 11.49%
Time Frequency Analysis
Time frequency charts (learn more) below will typically show the cycle of interest against price, the bandpass output alone and the bandwidth of the component in the time frequency heatmap, framed in white.
Before and After
Signal comparison between our last report and the current time, in chart format.
High-Pass Filtered Price
Our high-pass filter isolates the component of interest from underlying trend and presents buy and sell threshold envelopes (green and red). The envelopes are based upon the amplitude envelope of the bandpass filter +- 2 standard deviations. Breaches of either by high-passed price is a strong reversal action signal.
Current Signal Detail & Targets
Here we give more detail on the signal relative to speculative price, given the detected attributes of the component. In most cases the time target to hold a trade for is more important, given we focus on cycles in financial markets. Forthcoming trough and peak ranges are based upon the frequency modulation in the sample (learn more).
Detected Signal Class: B - learn more
Average Wavelength: 137.33 Days
Completed Iterations: 11
Component Yield Over Sample: 173.55% - learn morePhase: Peaking / Peaked
FM: +- 10 Days
AM: 10.02125
Next Trough Range: 22nd December, 2024 - 2nd January, 2025
Next Peak Range: 1st - 10th March, 2025
Sigma-L Recommendation: Sell
Time Target: ~ 27th December, 2024
Current Signal Phase
This is ‘how far along’ the cycle is in it’s period at now time and is related to the predicted price action direction.
Current Signal Frequency Modulation (FM)
This is how much, on average, the signal detected varies in frequency (or wavelength) over the whole sample. A lower variance is better and implies better profitability for the component. Frequency usually modulates relatively slowly and over several iterations.
Current Signal Amplitude Modulation (AM)
This is how much the component gains or loses power (price influence) across the sample, on average. Amplitude modulation can happen quite quickly and certainly is more evident than frequency modulation in financial markets. The more stable the modulation the better.