Platinum: ⬇️ Sell
- Platinum reversed from resistance level 2140.00
- Likely to fall to support level 1871.50
Platinum recently reversed down from the pivotal resistance level 2140.00 – which stopped earlier waves B and A – coinciding with the 61.8% Fibonacci correction of the downward impulse (C) from February.
The downward reversal from the resistance level 2140.00 started the active downward wave (E).
Platinum can be expected to fall to the next support level 1871.50 – which has been reversing the price from February.
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