Inverse H&S for platinum

Looks like a very solid bottom formation. Safe play is waiting for a break of the neckline, risky play is starting to scale in here. Should not drop below the 815 anymore

Note

Solid strong break of the neckline and lift off. If your in already from the lows, i would increase after a successful retest AND bounce up again off the neckline. Move stops to entry if you got in around the 840/835

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Still looking very good and strong. Looks like the pullback has already be done. So we might even see our target getting reached next week maybe.

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Still looking very good, looking at the daily, we might already continue the rally from this point. We should stay above that green support.

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Some asked me for an update on Platinum, so here it goes.

Since we broke that green support around 860 we continued to drop, going even below the neckline of the inverse H&S. Now the H&S is not invalid, but the current low should hold. If we drop below the 820ish i might wipe the inverse H&S off the table and will wait and see what happens next. Think the trend line on the right might break so we could see a retest of the low, would be best to see a higher low form if that happens, around 835/840.

I will try to make a new analysis later today

botje11

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botje11

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