XPTUSD: Pull back completed. Resuming the bearish trend.

2018年10月25日

Platinum has nearly completed a 0.382 Fibonacci retracement (860.500) on the 1W chart (1029 Top - 756.500 Bottom) and the price should be technically ready to reverse again lower and follow the long term bearish trend. 4H has already developed a Channel Down (RSI = 43.280, Highs/Lows = -0.2893, B/BP = -3.7820) which may spread to 1D (also on Highs/Lows = -1.3214, B/BP = -2.800). 807.070 is the 1D support that needs to be crossed. Also watch for the Higher Low supporting lines (indicated in red). Short, TP = 792.940 and 756.550 in extension.