Technical analysis
Platinum Wave Analysis 25 January, 2021
January 25, 2021 @ 19:01 +03:00
![Platinum Wave Analysis 25 January, 2021 Platinum Wave Analysis 25 January, 2021](https://fxpro.news/wp-content/uploads/2019/11/platinum-1.jpg)
• Platinum reversed from key resistance level 1140.00
• Likely to fall to support level 1070.00
Platinum recently reversed down with the daily Japanese candlesticks reversal pattern Bearish Engulfing from the key resistance level 1140.00 – standing close to the upper daily Bollinger Band.
The downward reversal from the resistance level 1140.00 stopped the previous impulse waves (iii), 3 and (3).
Platinum is expected to fall further toward the next support level 1070.00 (low of the previous short-term correction (ii)).
![](https://fxpro.news/wp-content/uploads/2021/01/ptuusd-primary-analysis-jan-25-1737-pm-1-day-1024x479.png)