FxPro - Analytics

FxPro

716.75 6.25/10
90% of positive reviews
Real

Platinum Wave Analysis – 12 September, 2019

  • Platinum reversed from support zone
  • Further gains are likely

Platinum recently reversed up from the support zone lying between the key support level 931.00 (low of the previous wave (a)), upper trendline of the daily up channel from June and the 38.2% Fibonacci correction of the previous upward impulse 3 from August.

The upward reversal from this support zone started the active short-term wave (b), which belongs to wave 4 of the sharp impulse wave (C) from May.

Platinum is expected to rise further and retest the next major resistance level 1000.00 (top of the previous impulse wave 3).

1568289786


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree