Adjusting the wave count :

In adaptation with Gold and Silver, the overall decline from peak at the 1290 could be counted as a five-waves sequence. Currently, Platinum appears to be correcting in the three waves up as wave (ii), like Gold and Silver.

Note : The leading diagonal wave a, as an initial bullish concept, would infer an extended wave c up will likely be ahead…

Fibonacci targeting :

The Fibonacci 0.786 retracment level at 1103.4, could be considered as an adequate target for the ongoing wave b.

An ultimate target as extreme point of the corrective sequence as the wave (ii), could be around the Fibonacci 0.618 retracement level at 1212.5. Also the overall wave (ii) will likely last until mid April, when is the Fibonacci time ratio 0.5 .

Platinum - Intraday 600-1Platinum - Intraday 240-1


Leave a Reply

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

You are commenting using your 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