Platinum upside reversal

Platinum leading the commodity block upside swing

 

Platinum reacted from long-term support 900 and bounced higher. A recent break above 950 from a falling wedge formation is indicating a reversal higher to 1050 which is the strong side long-term triangle resistance. Now only a break below 900 will lead to a downside continue and invalidation of an upside triangle reversal. The only visible resistance left before the 1030-1050 test is 1000.

Note: look for the long trade entries with the stop loss below 940

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Platinum upside reversal

 

 

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