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Pretty clear weekly close here above the falling trendline for the last 5years.
For Platinum, the seasonal gain is quite clear. I'm very hapy to see positive price action at this time, making it a good edge on this trade.
Long term trend lines needed to make sense of current price action. Can only see this falling further.
Double Bottom "W" $10.10.
Long now to the top of the "W".....
Regained and successfully retested $10.50 - double bottom.
Looks a long set-up to $11.50
Convincing looking bounce off the 50% retrace. Am watching to see if this retakes the failed double bottom around $10.47 and 100DMA for confirmation of a long back to $11+
Trying to find support.
$10.07 is 50% retrace. If this fails 200DMA at $9.90
Likes W shapes and double bottoms. Looks like we might have another which would give a long trade to around $1160 from here.
follow up to post from a few days ago. First target of $11.07 hit. Long now to $11.81 to retest the long-term resistance. I suspect it will form an inverse H&S upon hitting that resistance to build strength for potential higher move still.