Platinum Futures (PL1!) H4 | Approaching Multi-swing-high Resistance
Platinum Futures (PL1!) H4 | Approaching Multi-swing-high Resistance
Type:
Bearish Reversal
Key Levels:
Resistance: 1,033.80
Pivot: 1,025.00
Support: 997.80
Preferred Case:
Looking at the H4 chart, my overall bias for platinum futures (PL1!) is bearish due to the price rising towards a multi-swing-high resistance. The price could could stall around the Pivot once more before reversing to fall towards the 1st Support at 997.80
Alternative Scenario:
Price may break above the Pivot at 1,025.00 and rise towards the 1st Resistance at 1,033.80.