Categories: Technical analysis

Platinum falling inside impulse wave (v)

  • 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).

AddThis Website Tools
The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: PTUUSD

Recent Posts

Video: Dollar and Indices are trying to find footing after the fall

The dollar experienced a sell-off but rallied back up by the end of the week.…

6 hours ago

What is next: BoJ, Fed, SNB & BoE Rates

The new week will be packed with economic data and decisions from key central banks.…

9 hours ago

Dollar attempts to rebound after oversold conditions

Despite economic factors working against the dollar, its oversold condition helped it this week or…

9 hours ago

USDCAD Wave Analysis – 14 March 2025

USDCAD: ⬇️ Sell - USDCAD reversed from key resistance level 1.4500 - Likely to fall…

10 hours ago

Solana Wave Analysis – 14 March 2025

Solana: ⬆️ Buy - Solana reversed from the long-term support level 113.75 - Likely to…

10 hours ago

Adobe Wave Analysis – 13 March 2025

Adobe: ⬇️ Sell - Adobe broke round support level 400.00 - Likely to fall to…

1 day ago