Platinum: Little Consolidation (Wave 4); Golden Ratio
We can see a very well defined cycle, and wave 1 to 3 already created.
This new cycle could be a consolidation, the price can drop to 14,6% or 23,6% level.
Or even in the middle between 38,2% and 23,6%, where other wicks has already touched, creating a support, where can also occur the last candle of Wave 4.
Open interest in
PL1! is falling and the major trend rising, it can occur a reverse, and this reverse will be the Wave 4.
RSI left the Overbought level, followed by a failure swing, resulting in continued decline of the indicator.
After the peak $1,016.45, ADX is losing strength while DMI+ has a high probability of changing position with DMI-.
This new cycle could be a consolidation, the price can drop to 14,6% or 23,6% level.
Or even in the middle between 38,2% and 23,6%, where other wicks has already touched, creating a support, where can also occur the last candle of Wave 4.
Open interest in
PL1! is falling and the major trend rising, it can occur a reverse, and this reverse will be the Wave 4.RSI left the Overbought level, followed by a failure swing, resulting in continued decline of the indicator.
After the peak $1,016.45, ADX is losing strength while DMI+ has a high probability of changing position with DMI-.
Not
Wave 4 created, as expected, the price reach the three levels, and the middle of 38,2% 23,6% was where we got demand.
So right now is time for Wave 5. DMI+ is already above DMI-. ADX didn't cross any DMI, what can mean the initial strength of long direction.
RSI > 50
Not
Open interest is also rising together with the trend, meaning a long trend continuation
Not
Daily Elliot Wave: Wave 3, has a high probability of going to monthly resistance.
XPTUSD shows a daily and hourly motive wave. Not
Monthly: Another possible motive wave, the start of Wave 3, after three black crows a strong bullish candle has been created, engulfing the 2 previous candles, and at the moment filling almost 50% of first candle of three black crows.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Follow the social network, free telegram link: t.me/afcapital21
Instagram: afcapital
Instagram: afcapital
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.