I am long from 815 based on the 4hr chart.
Some evidence for a potential bottom:
There is a major bottoming developing in the spread between platinum and palladium. Platinum is on the verge of rebounding aggressively against it. This trade is very low risk from here.
Obviously we would need the dollar to turn lower if platinum's rise is actually sustainable. For this reason, my trading time frame will remain small (4hr - daily), however, the weekly chart is showing a strong close once today is finished as long as price stays in this range.
Some evidence for a potential bottom:
There is a major bottoming developing in the spread between platinum and palladium. Platinum is on the verge of rebounding aggressively against it. This trade is very low risk from here.
Obviously we would need the dollar to turn lower if platinum's rise is actually sustainable. For this reason, my trading time frame will remain small (4hr - daily), however, the weekly chart is showing a strong close once today is finished as long as price stays in this range.
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