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.