Chart of the day

Platinum is locked in the long-term triangle and is testing the support 870. A break below this level is required for a downside reversal and a test of 600. A bounce here is to confirm that the triangle ABC correction after the long-term five waves downside is finished.

Only in the case of a clear confirmed break above 1064, we will see an end of this triangle and a complete upside reversal. Until then the bounce from here will lead to a consolidation continuation.

_{Short trades could be opened here with a stop loss above 910 upon a confirmed break below 860. Long trades could be open upon a break above 900 with a stop loss below 860.}