Platinum / USD Wyckoffian Accumulation

17 במאי 2018

Platinum testing lows from the recession. I highly doubt it breaks those levels unless there's something special about the platinum market that I'm unaware of. It's showing signs of Wyckoffian Accumulation, so I'd look for it to go sideways for a couple of weeks. It's currently at the bottom of the TR (Trading Range) looking as if it's testing for any additional supply in the market. If it fails to supply demand, we should see a ST (Secondary Test) towards the top of the range to further define a zone of resistance.