Platinum Futures (PA1!) | H4 Rising into Overlap Resistance

Type:

Bearish Reversal

Key Levels:

Resistance: 989.00

Pivot: 967.30

Support: 940.60

Preferred Case:

Looking at the H4 chart, my overall bias for Platinum futures (PA1!) is bearish due to the price trading within the bearish Ichimoku Cloud. The price could make a reversal off the pivot and fall toward the 1st Support at 940.60.

Alternative Scenario:

Price may break above the pivot at 967.30 and rise towards the 1st Resistance level at 989.00.