Platinum: Symmetrical pattern recognition for a lower buy.

Platinum is on its way to complete a Head and Shoulders pattern on positive gradient, a pattern that was previously identified from late September - November. The similarities are strong and leads us to expect that a similar candle sequence will be followed. This suggest that the price should rebound close to 786.85 and seek a upper neckline of the RS between the 0.500 and 0.618 Fibonacci levels at 811.60. We will use this as the TP.






** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **

Comments and likes are greatly appreciated.