Platinum Futures (PL1!) H4 | Potential Bullish Bounce

Type:

Bullish Bounce

Key Levels:

Resistance: 1,071.70

Pivot: 1,049.50

Support: 1,028.50

Preferred Case:

Looking at the H4 chart, the price is falling towards a pullback support where it could stabilize before making a bullish bounce towards the 1st Resistance at 1,071.70. The presence of the green Ichimoku Cloud adds further significance to the bullish momentum.

Alternative Scenario:

Price may break below the Pivot at 1,049.50 and fall towards the 1st Support at 1,028.50.