Platinum Update
Platinum is undergoing a monthly downtrend.
Since a weekly correction trend line is needed between the last monthly correction trend line, if it rebounds, it can rise to around the weekly supply zone.
As the Bullish pattern occurred on the 4-hour chart in the lower time frame, the uptrend could continue as long as the correction trend line of the uptrend is not broken.
If the weekly supply zone is reached, the bottom can be updated to draw a monthly correction trend line of the downtrend.
After that, I expect a strong retracement to stop the monthly downtrend.
Since a weekly correction trend line is needed between the last monthly correction trend line, if it rebounds, it can rise to around the weekly supply zone.
As the Bullish pattern occurred on the 4-hour chart in the lower time frame, the uptrend could continue as long as the correction trend line of the uptrend is not broken.
If the weekly supply zone is reached, the bottom can be updated to draw a monthly correction trend line of the downtrend.
After that, I expect a strong retracement to stop the monthly downtrend.
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