Platinum Futures (PL1!) H4 | Potential Bullish Bounce?
Type:
Bearish Bounce
Key Levels:
Resistance: 957.6
Pivot: 928.2
Support: 905.2
Preferred Case:
Looking at the H4 chart, the price is falling toward the pivot where the bullish momentum could cause the price to bounce off this level to rise toward the 1st Resistance at 957.6
Alternative Scenario:
Price may break under the Pivot at 928.2 and fall towards the 1st Support at 905.2
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.