Platinum Wave Analysis 17 February, 2021

• Platinum reversed from resistance level 1350.00

• Likely to fall to support level 1200.00

Platinum recently reversed down from the resistance level 1350.00 – standing well above the upper daily Bollinger Band.

The downward reversal from the resistance level 1350.00 started the active minor correction (ii) – which belongs to the higher level impulse waves 3 and (3).

Platinum is likely to fall further toward the next support level 1200.00 (target price for the termination of the active minor correction (ii).