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Antonio_trader

Platinum, inverse Head and Shoulder pattern

Long
CFDs on Platinum (US$ / OZ) (TVC:PLATINUM)  
Antonio_trader  
TVC:PLATINUM   CFDs on Platinum (US$ / OZ)
Trend Analysis Chart Patterns Platinum commodity LONG Inverse Head and Shoulders
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trendanalysis chartpattern platinum commodity long inverseheadandshoulders
Reverse H&S pattern formed on a daily time frame. RSI divergence as well. Now a down trend line broken, 50 and 100 SMA and the neckline of the pattern. MPO set to go to 920 area. Potential resistance in the way is 880 and 900 level and 200 SMA. The pattern formed after a bounce from a major support zone on a weekly chart. Platinum reflects the gold chart and is priced in dollars.
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