Platinum

The bearish outlook :

Platinum has sharply fallen, likely in an initial movement of the anticipated third wave, after retracing to the Fibonacci 0.618 level at 1164.

The outlook is persistently bearish against the 1164 – as the top of wave ii. The immediate target is 1117.6, where is the start point of ending diagonal as the micro degree wave c of expanded flat wave ii.

Note : Based on these conceptual chart, suggests that the price will more likely continue to fall to new lows in the coming days…

Platinum - Intraday 240Platinum - Intraday 360

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