If we look at the 4-hour chart of the Platinum commodity instrument, a Bearish 123 pattern appears followed by several Bearish Ross Hook (RH) where all of this indicates that #PLF is in a weakening condition so that as long as there is no strengthening that breaks through and closes above the 1043.5 level, Platinum will try to test and break through and close below the 983.5 level and if successful, #PLF has the potential to continue its weakening to the 936.5 and 903.4 levels if the momentum of the weakening and its volatility support it.
(Disclaimer)
