After the gold rush, it's time for the platinum fury!
Platinum is following a ~1111 Days time cycle, roughly ~160 weeks, and it recently formed a bottom near ~$840 in October 2023
After correcting for ~13 years from 2007 to 2020, platinum finally intiated a new impulse wave in 2020, however, this impulse wave was short-lived and soon came to an end.
Now, platinum is completed its 2nd wave and is ready for its 3rd wave which often turns out to be the fastest and largest of the 5 elliot waves!
Here's the trade
Buy @ CMP (~$1070)
Stoploss @ 900
Target @ $1500
After correcting for ~13 years from 2007 to 2020, platinum finally intiated a new impulse wave in 2020, however, this impulse wave was short-lived and soon came to an end.
Now, platinum is completed its 2nd wave and is ready for its 3rd wave which often turns out to be the fastest and largest of the 5 elliot waves!
Here's the trade
Buy @ CMP (~$1070)
Stoploss @ 900
Target @ $1500