Hello Traders!
It is very recommended by me that everyone looks into buying the F***ing dip on platinum because according to structure, platinum is setting up for a bullish wave of at least a $100 increase in the price of platinum/oz with an explosive breakout leading to the increase. What we are seeing can be described as an ending wedge pattern and it is a tight structure. as long as the pattern doesnt change and remains a nice tight stucture, we can go long from the dip, add positions on the breakout and take profits for short and long term trargets.
Best entries are on the 1hr or lower TF, look for a corrective structure when price reaches the bottom, and buy into it with size!
Good Luck!
It is very recommended by me that everyone looks into buying the F***ing dip on platinum because according to structure, platinum is setting up for a bullish wave of at least a $100 increase in the price of platinum/oz with an explosive breakout leading to the increase. What we are seeing can be described as an ending wedge pattern and it is a tight structure. as long as the pattern doesnt change and remains a nice tight stucture, we can go long from the dip, add positions on the breakout and take profits for short and long term trargets.
Best entries are on the 1hr or lower TF, look for a corrective structure when price reaches the bottom, and buy into it with size!
Good Luck!
David K Giraldo