New Potential Short on Platinum

15 thg 8, 2016

My previous short idea for platinum didn't work out as price violated the red trend line in a strong way to the upside. Now price has reversed down again and it looks like the bearish momentum will continue. The first trend line to pay attention to is the blue one. If that one breaks, I would expect further resistance at the red trend line, which will help us stay in the trade and not get stopped out.