Watching closely to see if Platinum continues its move up. into a 3rd wave from its low of $770.
It is hitting the bottom of significant resistance.
Instead of the 3rd wave, the pattern could be an A B C from its low. If it pulls back below 878 it would be a good sign that this could very much be the C-wave being completed and it will target new lows
Trade active
Hit 880 - scalped long @ 883.1, stop @ 883.1 (its currently sitting at 885 as we speak)
Platinum price jumps quite a bit - not as liquid as I'd like. I might try several entries & exits here if it closes below 878 then I'll take it as a sign that it'll be going down
Trade closed manually
Exited @ 890 as I wasn't confident in the tape, might try to go long again closer to 880.
Gold and Silver are trading down so it could bring PL down.
Note
Might have missed this one - it is up on low volume so not convinced it’s a real move up
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.