Platinum Futures (PL1!) H4 | Potential Bearish Breakout
Platinum Futures (PL1!) H4 | Potential Bearish Breakout
Type:
Bearish Breakout
Key Levels:
Resistance: 955.00
Pivot: 938.10
Support: 917.40
Preferred Case:
Looking at the H4 chart, my overall bias for Platinum futures (PL1!) is bearish due to the price trading within the bearish Ichimoku Cloud and looking to break through a bearish flag pattern. The price could break below the pivot and fall toward the 1st Support at 917.40.
Alternative Scenario:
Price may reverse off the pivot at 938.10 and rise towards the 1st Resistance level at 955.00.