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InvestingScope
May 16, 2019 10:00 AM

XPTUSD: Sell opportunity on recurring patterns. Short

PLATINUM / U.S. DOLLARICE

Description

Platinum is on a strong 1D pull back (RSI = 40.890, MACD = -6.510, Highs/Lows = -5.9250) that is currently consolidating (1H neutral) before the next bearish leg. A similar pattern was identified both on the RSI behavior and on the High - Low measurements. We expect the selling to complete a -11.00% decline and our short TP is 815.00.





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