Platinum broke trough an ascending trend line, late last week. However the bias remains bullish as long as we stay above 868 on a daily close. New entry level long would be the area of 878-868. This area involves a couple of monthly highs/lows, 618 retracement and slope support.
Trade active:
Entry on September Low 875
Stop Los 850
Target 1 November High
Target 2 Multi year descending slope line
Stop Los 850
Target 1 November High
Target 2 Multi year descending slope line
Comment:
Possible Ascending Triangle?
Rejection from 867-866 would be ideal, it intersects the median of descending Pitchfork, but might not reach that far.