Platin - very good risk/reward ratio
Platin is now fair valued after todays sell out / correction which which could be caused trough uncertainty of the g20 summit results.
If the next week starts with a green candle an upward correction can be assumed. Otherwise I expect another correction down to $ 775. Currently there is an attractive risk-return ratio.
In the daily long term chart (right side) is the possibility of a Elliot wave which could set up for wave 3.
Targets are drawn in the Chart.
If the next week starts with a green candle an upward correction can be assumed. Otherwise I expect another correction down to $ 775. Currently there is an attractive risk-return ratio.
In the daily long term chart (right side) is the possibility of a Elliot wave which could set up for wave 3.
Targets are drawn in the Chart.
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
