A bearish explanation on the daily chart frame :

After completing an “A-Triangle B-C” formation as the last wave of triangle wave B at terminus point of 1523.8 , Platinum slide down in an impulsive five-waves sequence, which could be only an initial subsequent of wave C decline. Also, it appears that the first wave was corrected in a flat formation as a second wave.

Currently, forming of a leading diagonal as a bearish concept which primarily would infer start of third wave decline, is likely in progress…

Platinum - Daily


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