TradeWaves-EWA

πŸ’¨π™‹π™‘π™–π™©π™žπ™£π™ͺ𝙒 𝙁π™ͺ𝙩π™ͺπ™§π™š - Long Term πŸ‚ Trend🌊

Long
NYMEX:PL1!   Platinum Futures
π™‹π™‘π™–π™©π™žπ™£π™ͺ𝙒 𝙁π™ͺ𝙩π™ͺπ™§π™š (𝙋𝙇1!) β€” π™€π™’π˜Ό


The senior wave degree is borrowed from the counting of the structure for gold and silver, which have a much longer history of quotations. The second slide shows how the correction, presumably the fourth wave of the β€œSupercycle” degree, is taking place in most metals, and the commodity market as a whole.

Further, taking into account the fact that the upward wave from the orthodox top (IV) is a single zigzag, it is correct to make an assumption about the formation of the ending diagonal (V), within which wave III unfolds.

PL1!:πŸ•2W

Wave ((A)) in the composition of III of (V) must also take the form of a diagonal. At least, the double zigzag that has passed from the end of wave II, in the context of the senior degree, can be interpreted as the first subdivision in its composition.

PL1!:πŸ•1D

The first targets at 38.2% in wave (2) have been reached, the double zigzag W-X-Y of (2) looks complete. Growth is expected to resume by the intermediate wave (3), the minimum targets for which are to go beyond the top of wave (1).

PL1!:πŸ•4h


The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.

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