Platinum FuturesLong
Platinum (PL): Wave Analysis 1917-2022
●● Preferred count
● Platinum Cash (PL.C), 🕐TF: 20D
Fif.1
The counting of long-term waves only confirmed the priority of the scenario defined in the previous review, in the context of which the supercycly wave (V) unfolds the ending diagonal. This hypothesis assumes the continuation of price growth within wave III, which will take the form of a zigzag, exceeding the maximum of wave I.
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●PL1!, 🕐TF: 1D
Fif.2
The wave Ⓐ in the composition of III of (V) must also take the form of a diagonal. At least, the double zigzag that formed from the top of wave II can be interpreted in a general context as the first wave in its composition.
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●PL1!, 🕐TF: 8h
Fif.3
According to the structure, the second wave of intermediate degree can be identified as a double zigzag W-X-Y with a combination in X. Moreover, wave (2) reached a level that created several Fibonacci ratios: wave Y = 61.8% W, while (2) = 61.8% (1). Quite powerful the argument in favor of the fact that the downward correction is over. The breakdown of the 0-X line will serve as an additional signal in favor of this assumption.
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●● Alternative count
●PL1!, 🕐TF: 8h
Fif.4
The alternative markup tells us that the correction within wave (2) will continue. A series of overlapping zigzags in a downtrend can be identified as the leading diagonal in wave A. If this interpretation turns out to be correct, then after correction in wave B, the minimum of 797.5 formed by wave A will be rearranged within the impulse C.
📚 Elliott Wave Guide & Ellott Wave Archive ⬇️⬇️
● Platinum Cash (PL.C), 🕐TF: 20D
Fif.1
The counting of long-term waves only confirmed the priority of the scenario defined in the previous review, in the context of which the supercycly wave (V) unfolds the ending diagonal. This hypothesis assumes the continuation of price growth within wave III, which will take the form of a zigzag, exceeding the maximum of wave I.
_______________________________________
●
PL1!, 🕐TF: 1DFif.2
The wave Ⓐ in the composition of III of (V) must also take the form of a diagonal. At least, the double zigzag that formed from the top of wave II can be interpreted in a general context as the first wave in its composition.
_______________________________________
●
PL1!, 🕐TF: 8hFif.3
According to the structure, the second wave of intermediate degree can be identified as a double zigzag W-X-Y with a combination in X. Moreover, wave (2) reached a level that created several Fibonacci ratios: wave Y = 61.8% W, while (2) = 61.8% (1). Quite powerful the argument in favor of the fact that the downward correction is over. The breakdown of the 0-X line will serve as an additional signal in favor of this assumption.
_______________________________________
●● Alternative count
●
PL1!, 🕐TF: 8hFif.4
The alternative markup tells us that the correction within wave (2) will continue. A series of overlapping zigzags in a downtrend can be identified as the leading diagonal in wave A. If this interpretation turns out to be correct, then after correction in wave B, the minimum of 797.5 formed by wave A will be rearranged within the impulse C.
📚 Elliott Wave Guide & Ellott Wave Archive ⬇️⬇️
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