Technical analysis

Platinum Wave Analysis – 22 May, 2019

Platinum Wave Analysis – 22 May, 2019
  • Platinum broke key support level 815.00
  • Further losses are likely

Platinum recently broke the key support level 815.00, which reversed the price at the start of March, as can be seen below.

The breakout of this support level 815.00 accelerated the active short-term impulse wave c, which belongs to the medium-term ABC correction 2 from the start of April.

Platinum is expected to fall further and retest the next round support level 800.00 (target for the completion of the active impulse wave c).

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