Shortern Trade : SHORT
PL reaching the Weekly Down Trend Line Resistance and Daily Topping Pattern. (yet to confirm)
It might have many Hourly Short Trade to Capture quick retracement.
Such as Head is forming in Level 880 but yet to confirmed.
Longer Term Trade : LONG
However High Cautious Need to be watch out for as Daily :
MACD is making fresh new high -- More...
Platinum has been in downtrend for quite a long time and some time ago reached its minimum levels since 2008. but since downtrend is not finished yet, is it a good idea to buy @ $850-900 and hold it to $1000-1200 at least?
Currently at a long term inflection point, but I don't think it is that strong where it is... mainly due to the number of touches it has had over the years
However, looking out from here there is one KEY level worth noting, and this is the 640 level
I will be looking for positions long on platinum related assets when platinum gets down to 640, as this is both a...
Platinum, also known by the nickname "Rich's Man Gold" hit strong support level that caused major trend reversal in 2008 (demand zone) as well as 1.618 Fibonacci extension based on prior wave down below the crucial support. On the daily TF it can be seen that potential inverted head and shoulders pattern has formed or is in the process of forming - aka bullish set...