📊 Platinum: Bears Remain in Full Control ⚠️
🔍 The Pulse:
Platinum continues to trade in a strong bearish trend. 📉
Price has broken a major confluence zone at 1,910, confirming a significant loss of support. ⚠️
This level combined the main support, the 200 day moving average, the Fibonacci 38.2% retracement, and a triangle pattern. 🎯
After the breakdown, price also lost a key liquidity grab level, retested it, and continued lower. 🔻
The current reaction from an important order block is encouraging but not enough to signal a bullish reversal. 🔎
🧱 The Key Structural Boundaries
🛡️ Current Support, Order Block.
The market is reacting from this demand zone, but confirmation is still missing.
🚀 Bullish Confirmation, 1,910.
Price must reclaim this major confluence level to restore a positive outlook.
📊 Major Confluence, 1,910.
This level includes the main support, the 200 day moving average, the Fibonacci 38.2% level, and the triangle breakout zone.
🎯 The Verdict
The technical trend remains decisively bearish.
The current order block is producing a reaction, but the structure has not changed.
A move back above 1,910 is required before turning bullish.
Until then, sellers remain firmly in control.
---
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🔍 The Pulse:
Platinum continues to trade in a strong bearish trend. 📉
Price has broken a major confluence zone at 1,910, confirming a significant loss of support. ⚠️
This level combined the main support, the 200 day moving average, the Fibonacci 38.2% retracement, and a triangle pattern. 🎯
After the breakdown, price also lost a key liquidity grab level, retested it, and continued lower. 🔻
The current reaction from an important order block is encouraging but not enough to signal a bullish reversal. 🔎
🧱 The Key Structural Boundaries
🛡️ Current Support, Order Block.
The market is reacting from this demand zone, but confirmation is still missing.
🚀 Bullish Confirmation, 1,910.
Price must reclaim this major confluence level to restore a positive outlook.
📊 Major Confluence, 1,910.
This level includes the main support, the 200 day moving average, the Fibonacci 38.2% level, and the triangle breakout zone.
🎯 The Verdict
The technical trend remains decisively bearish.
The current order block is producing a reaction, but the structure has not changed.
A move back above 1,910 is required before turning bullish.
Until then, sellers remain firmly in control.
---
If you like my insights, follow and boost! 🙌💙🚀
🎁 $15 TradingView Discount:
🔗 tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.