Platinum falling inside impulse wave (v)
December 06, 2018 @ 18:25 UTC
- Platinum falling inside impulse wave (v)
- Further losses are likely
Platinum continue to fall after the earlier downward reversal from the key resistance level 810.00 (former support level, which was mentioned as the likely downward target in our earlier report for this instrument).
The downward reversal from the resistance level 810.00 started active short–term impulse wave (v) – which belongs to the C-wave of the medium-term ABC correction (B) from November.
Platinum is expected to fall further and re-test the next support level 770.00 (target price for the completion of the active impulse wave C).