Platinum Wave Analysis 17 February, 2021
February 17, 2021 @ 18:54 +03:00
• 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).