Platinum has triggered a macro HVF out of a FW. It is too early to know, but it seems like we're winding up on T2 for a continuation to the final target of 1620.
Plan:
1. Accumulate a small position at RL2 (box shown) - less than 1% risk.
2. Wait for the STF HVF to complete and enter at JIT to complete to the T3 of the larget pattern for a healthy RRR.
3. Set a reminder to see if we see a reversal that makes this a new RH2 for the larger pattern for which the FW was the first impulse. This may become a decade pattern - it seems more likely that we overperform on this pattern as the central bank printing machines do their thing
Plan:
1. Accumulate a small position at RL2 (box shown) - less than 1% risk.
2. Wait for the STF HVF to complete and enter at JIT to complete to the T3 of the larget pattern for a healthy RRR.
3. Set a reminder to see if we see a reversal that makes this a new RH2 for the larger pattern for which the FW was the first impulse. This may become a decade pattern - it seems more likely that we overperform on this pattern as the central bank printing machines do their thing
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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.