Market Snapshots

Platinum Wave Analysis – 11 March, 2020

Platinum Wave Analysis – 11 March, 2020
  • Platinum reversed from support area
  • Likely to rise to 915.0

Platinum recently reversed up from the support area lying between the support levels 845.00 (which stopped the previous sharp impulse wave (C)), 869.00 (low of wave (2) from November) and the lower daily Bollinger Band.

The upward reversal from this support area started the active medium-term impulse wave (3).

Platinum is likely to rise further toward the next resistance level 915.0 (former support from December and the top of the earlier impulse wave (1)).

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