A bearish explanation on this frame of intra-day chart :

After a leading expanding diagonal as a bearish concept on the wave (i), and a shallow retracement as the corrective wave (ii), it appears that subwaves of an impulsive third wave down, are in progress…

An expected fibonacci target for extreme of third wave of the ongoing wave (iii), could be around the 1108 where establishes a common ratio of 1.618 between the waves iii and i .

Platinum - Intraday 600

Platinum - Intraday 360-1


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