Key Technical Drivers
- Volume has declined on the 2nd push higher
- Potential channel breakdown
- Trading at overhead resistance
- Price trading 40% above it's 200dma
Suggested levels:
Short @ market 3247c
TP: 2900c (blue dotted line)
SL: 3460c
In addition, the platinum price is playing out from a bear flag pattern.
- Volume has declined on the 2nd push higher
- Potential channel breakdown
- Trading at overhead resistance
- Price trading 40% above it's 200dma
Suggested levels:
Short @ market 3247c
TP: 2900c (blue dotted line)
SL: 3460c
In addition, the platinum price is playing out from a bear flag pattern.
Disclaimer
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.
Disclaimer
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.