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MarketIntel
Mar 6, 2024 2:33 PM

Platinum: Not yet done 📉 Short

Platinum FuturesNYMEX

Description

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We currently locate the platinum price in the green wave (b). As soon as this low has been placed little further down the chart, we expect another major detour with green waves X and Y before we can consider the important low of the blue wave (b) to be completed. Please note our alternative: If the price falls directly below the support at $843.10 (40% likely), we assume that the alternative wave alt. (b) will be completed directly.
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