Platinum goes shortDaily perspective, the rally is broke. Don't trade without Price action confirmation in 1h TF to take that beauty R/R short trade.
Just wait, don't fomo don't rush.
PT1! trade ideas
PL1 a short term long for good profit act fastPL1 is recovering from it huge drop and I have reason to believe it will reach 840 in the next few days. There’s been another red candle on the trend line and in the past that meant a rise. I believe it could reach around 840 and maybe slightly more before it drops again. Be vigilant as always to make some profit. Check the link down below for some other charts I did today that you might find interesting.
(Not financial advice)
Rebound As PredictedI know that the falling yesterday was unsustainable for sure.However, this rebound provided another entry level if you are interested in shorting platinum. $765 was the first level to short, and the second level to short will be at the negative resistance line. If there is any chance platinum could rise to the negative resistance line, I will definitely add more shorts. TP 600! I will inform the stop loss when the price rises(or not) to the resistance
Good Luck
Bearish PlatinumAlthough I am a big fan of platinum, I gotta be honest that future dips are approaching this metal. The negative slope has become a steady resistance level, and platinum is once again rejected from the resistance line. I opened new shorts on that level and is patiently waiting for more dips. My TP for Platinum is $605, the lower end of a big range formed a long time ago(you can move the graph to the left side to see the bigger scope) If you are an aggressive investor, you can place your price at $557. Stop Loss at $775, and good luck!
Pole/Flag pattern broken thus created the upsideI think this upside is formed by the pole created earlier, and my target price for the short term is $761. Long term could be $835, though I don't think it's too possible. Bullish in the short term, and waiting on the sidelines for the long term movements.
