Platinum

An explanation of the ongoing sequence on the weekly chart :

In a bearish view on this frame of weekly chart, on the [ A – Triangle B – C ]  formation as the ongoing subsequent of supposed sequence (B), wave C could still be extended to lower levels.

The expected fibo-expansion target for the wave C, could be around the 953 level where establishes an equality ratio with the wave A.

An alternative on the ongoing [ A – Triangle B – C ] formation :

On the second chart, an alternate count has been shown, for when on the [ A-Triangle B-C ] formation in progress, the first wave be considered as a three-waves subsequent. And hence, adjusting the wave count to a sequence W -Triangle X – Y .

Platinum - WeeklyPlatinum - Weekly-1

 

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