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.
Comment
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Platinum in the sweet spot. Rejection from 867-866 would be ideal, it intersects the median of descending Pitchfork, but might not reach that far.
Trade active
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Entry on September Low 875 Stop Los 850 Target 1 November High Target 2 Multi year descending slope line