FX:XPTUSD   Platinum / U.S. Dollar
Platinum             along with other precious metals started a bull market around february. After two attempts to climb above 1000, we are now at the third of these tops and heading towards correction. I still believe the primary trend is upwards and support will be met with 50MA around 960.
Note that last three new moons (blue spots) market peaked and reached bottom around the full moon (white spots). This is definitely no coincidence and you can check it on other occasions and other markets, specially silver             .
Trade closed manually: Some profits taken, but trend is not strong enough.
Comment: We broke the 1000 barrier and now the trend definitely reversed, it's buying time.
around 976 is also 38.2% retracement from last wave 940-1000
possible 3 drives pattern on 2h chart....could be a good buy opportunity at 976
+1 Reply
Sell the New Moon, buy the Full Moon.
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