I would just like to see how this one plays out. This resembkes a simulated (paper) trade that I made on oil futures based on EW count and RSI bearish divergence mostly. Comments welcome.
After wave (A) completes long the abc move up and then shift to a short position to play the wave (C) down.
I'm new to commodities and relatively new to Technical Analysis. No associated fundamental Analysis has been undertaken on Platinum. This analysis is shared simply to further my own education and hopefully someone will appreciate it.
A little bit more detail on the bearish scenario here. Please note that this is purely a technical and no fundamental analysis has been undertaken.
Hopefully this appears alongside my published bearish scenarios
After reading an analyst's conclusion that there was no bearish scenario for gold (after a trend-line bounce on the 3rd of July) I thought it may be worthwhile to have a look myself. My belief is that there is always a bearish and a bulish view, certainty has little place in markets. Here it is for whatever it is worth - solely an exercise in technical...