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mortdiggiddy
Dec 22, 2020 4:28 PM

Seasonal $XPTUSD Platinum Long Long

PlatinumOANDA

Description

It is time to start considering a major platinum trade in either spot or PPLT equivalent. The measured move target of $1300 is shown and I believe we can get there by March 1 2021.

Comment

A closer look at the pattern forming on top of two major trendlines shows an ABC correction wave on the backtest.

Comment

10YR seasonality is very clear for metals beginning sometime this week there is a move toward the end of the year that continues into late February or early March.

Comment

I am a buyer on platinum at Month CAM S3 tag today. It's a thin market, and got dragged down at the Sunday open.

Comment

We are a lot to reach 1200 today after finally breaking through the 55 month highest close. Target still set for early March at 1300.

Trade closed: target reached

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