Technical analysis

Platinum Wave Analysis 14 January, 2021

Platinum Wave Analysis 14 January, 2021

• Platinum rising inside impulse wave (iii)

• Likely to reach resistance level 1142,00

Platinum continues to rise inside the impulse wave (iii) which started earlier from the support area located between the round support level 1000,00, lower daily Bollinger Band and the 61.8% Fibonacci correction of the previous upward impulse (i).

The active impulse wave (iii) belongs to the higher-order impulse wave 3 from December- which is part of the impulse wave (3) from September.

Platinum is expected to rise further toward the next resistance level 1142,00 (former top of wave (o) from last month).

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