Only a break higher above 1185 or out of the long term down trend line will be sufficient for the bulls to retake control.
Short in this sellers market.
Price continue to trade below the 20 WMA which is now sitting at 1180. Our stance remains the same here, Platinum to have a corrective rally as long as it trades within the triangle - creating higher low and lower high.
As long as it trades within the long term downtrend line, we will not go long.
Short in this sellers market.
Price continue to trade below the 20 WMA which is now sitting at 1180. Our stance remains the same here, Platinum to have a corrective rally as long as it trades within the triangle - creating higher low and lower high.
As long as it trades within the long term downtrend line, we will not go long.