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