Platinum…
Platinum’s 200 week bollinger bands haven’t been this tight in 30 years.
The last time they got this tight, price whipsawed in a relatively tight range for about 5 years (1995-2000) before an enormous rally took it from about $300 to $2300 in 8 years.
So something big is coming, up or down. Not necessarily imminently (in the next few years), but I am not so sure it will take another 5 years to sort itself out since the 200 week MA has been basically flat for 4 years now. The narrowing bollinger bands essentially indicate building pressure/potential energy.
Hi N
Would you have a way of posting a chart of that? (screenshot to Paint, cropped, if necessary)
In 30 years of charting, I don’t think I’ve ever seen a 200wk bolly band. (Did you mean 20 wk?)
I honestly think every one I’ve ever seen has been 20 periods, in whatever time frame.
The only variance from that, is some charts use 2 std deviations, and some use 3. (Mine use both).
TIA