The world has become very strange in last 3 years. These spreads will adjust at some point, but we don't know when and how.
Looking at Platinum only, we see it is even more than Gold , however it is reaching interesting levels.
- Long term setup has been valid since July/2014
- Price reaching a very important zone which acted as zone which acte
during last 12 years!
- Heikin Ashi candle is with lower low, however smoothed haDelta has started to build some positive divergence
- EWO has reached an extreme low, last seen during 2008 price collapse!
It may take a few more months, but 800-850 zone may slow down sellers again!
- Clearly and setup
- Price reached lower side of vearish trend channel, price got too far away from Kijun and Kumo (equilibrium)
- Heikin Ashi candle body shrinks with smoothed haDelta ticking higher. -> consolidation or early signal for possible pull back
- EWO is also extremely low, we should see a corrective wave soon
For now only watch for a max. 0,5 risk unit swing long! Take the trade only if Heikin Ashi pull back signal confirms