muis2

Watching Platinum

muis2 Updated   
NYMEX:PL1!   Platinum Futures
Watching closely to see if Platinum continues its move up. into a 3rd wave from its low of $770.

It is hitting the bottom of significant resistance.

Instead of the 3rd wave, the pattern could be an A B C from its low. If it pulls back below 878 it would be a good sign that this could very much be the C-wave being completed and it will target new lows
Trade active:
Hit 880 - scalped long @ 883.1, stop @ 883.1 (its currently sitting at 885 as we speak)

Platinum price jumps quite a bit - not as liquid as I'd like. I might try several entries & exits here if it closes below 878 then I'll take it as a sign that it'll be going down
Trade closed manually:
Exited @ 890 as I wasn't confident in the tape, might try to go long again closer to 880.

Gold and Silver are trading down so it could bring PL down.
Comment:
Might have missed this one - it is up on low volume so not convinced it’s a real move up
Trade active:
Took a stab @891.8 as it couldn’t break 885

Tight stop @entry price now
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