plancton0618

PLATINUM bounces over the support 🦐

Long
TVC:PLATINUM   CFDs on Platinum (US$ / OZ)
After the attempt to break the recent highs Platinum started a descending movement inside a counter channel.
The price, which is moving inside a major ascending channel , reached the support area over the lower trendline.
According to Plancton's strategy if the conditions will be satisfied we will set a nice long order.
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Follow the Shrimp 🦐

Keep in mind.
🟣 Purple structure -> Monthly structure.
πŸ”΄ Red structure -> Weekly structure.
πŸ”΅ Blue structure -> Daily structure.
🟑 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.


Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Comment: a nice bounce as expected
Comment: the price bounce over the channel trendline, we d like to see a break above the resistance level
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Comments

Would love to see an update on your thoughts for the current bearish trend, do you think price action can break through $1190 short term?
+1 Reply
plancton0618 pluckyApricot12858
@pluckyApricot12858, I just post an update sir, thanks for the feedback
Reply
@plancton0618, Thank you for the update, looking closely at the $1190 level, seems to be a magnet for price action the past week or so
Reply
Ouch, that's a major pullback, wonder if it will recover any time soon
Reply
Still valid?
+1 Reply
@MorriH, yes we still wait for the price to satisfy the condition
Reply
Beautiful pattern!
+1 Reply
plancton0618 KlejdiCuni
@KlejdiCuni, cheers mate πŸ˜ƒ
Reply
Great analysis, awesome!
+1 Reply
plancton0618 TradingAxis
@TradingAxis, you are welcome brother πŸ‘
Reply