Platinum

According to the broader bearish outlook :

After retracing near the Fibonacci 0.786 of the leading diagonal wave i at 1175.6, Platinum has begun to fall likely in impulsive third wave of the subminuette degree.

Note : In accordance with Elliott Wave Principle, “A leading diagonal in the wave one position is typically followed by a deep retracement.”

For now, an expected target is 1099.6, where wave iii = 1.618 times the length of wave i – a common wave relationship.

Platinum - Intraday 120Platinum - Intraday 240Platinum - Intraday 600

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