Platinum Wyckoff analysis, Accumulation! 2150 TARGET!
Platinum is in Phase D of an accumulation.
It breached a 13 year long trend that lasted from the all time highs in 2008 to the upside.
I'll be entering my long term trade around the 935/920 area.
The price is coming down to retest the long-term trend-line, and will be hitting 2150 according to my point and figure calculations.
Platinum is one of the most used metals in the electric car manufacturing industry, which supports the bullish bias, given the fact that huge oil companies are switching to environmentally friendly solutions.
If you like the idea consider liking it, following me, and supporting me.
Peace.
TrickleDown FX
It breached a 13 year long trend that lasted from the all time highs in 2008 to the upside.
I'll be entering my long term trade around the 935/920 area.
The price is coming down to retest the long-term trend-line, and will be hitting 2150 according to my point and figure calculations.
Platinum is one of the most used metals in the electric car manufacturing industry, which supports the bullish bias, given the fact that huge oil companies are switching to environmentally friendly solutions.
If you like the idea consider liking it, following me, and supporting me.
Peace.
TrickleDown FX
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