Platinum Ready to go Up?
Updated
Weekly PL futures chart shows multiple support touches and also the RSI is quite oversold. Add to this a small green candle after many down weeks.
I like to bottom fish. Getting in this early is a gamble. If nothing else, it is a good time to look for further confirmation that the trend is turning up.
This is my first idea post. I would've wanted it in the futures section but have not yet figured out how to do that.
A reasonable target would be 1100.
I like to bottom fish. Getting in this early is a gamble. If nothing else, it is a good time to look for further confirmation that the trend is turning up.
This is my first idea post. I would've wanted it in the futures section but have not yet figured out how to do that.
A reasonable target would be 1100.
Trade active
Last week made a nice pinbar candle. This trade could still move to target of 1100, or higher. No weekly closes below the support line have occurred on weekly candles. It looks good. Click on the "load new bars" arrow and see.Note
Similar to my new idea about silver forming a pinbar on the monthly candle which just closed, the platinum pinbar looks even better with a nice green body at the top of the candle. Quite bullish.
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