Seasonal $XPTUSD Platinum Long for OANDA:XPTUSD by mortdiggiddy

Seasonal $XPTUSD Platinum Long

It is time to start considering a major platinum trade in either spot or equivalent. The measured move target of $1300 is shown and I believe we can get there by March 1 2021.

Note

A closer look at the pattern forming on top of two major trendlines shows an ABC correction wave on the backtest.

Note

10YR seasonality is very clear for metals beginning sometime this week there is a move toward the end of the year that continues into late February or early March.

Note

I am a buyer on platinum at Month CAM S3 tag today. It's a thin market, and got dragged down at the Sunday open.

Note

We are a lot to reach 1200 today after finally breaking through the 55 month highest close. Target still set for early March at 1300.

Trade closed: target reached

mortdiggiddy

Find the edge.

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