Platinum

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…

Fibonacci target :

An expected 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 360

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s