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Wave Tech Analysis

FxPro Forex Analysis: Platinum Wave Analysis – 04 September , 2018

• Platinum broke daily up channel
• Further losses are likely

Platinum continues to fall inside the accelerated short-term impulse wave 3 – which recently broke the support trendline of the short-term up channel from August.

The breakout of this up channel strengthened the bearish pressure on Platinum and accelerated the active impulse waves 3 and (5)

Given the strength of the downtrend visible on the daily harts – Platinum is expected to fall further and retest the next support level 760.00 (monthly low from the middle of August).

PTUUSD - Primary Analysis - Sep-04 1930 PM (1 day)