After an impulsive five-wave sequence up of the cycle degree in May 2008 , Platinum is likely to correct in a three-waves sequence(or a variation).
An overview on the ongoing Platinum’s bear market :
the sharp simple structure fall could be labeled as the wave A(circled), the simple rise could be wave (A) of wave B(circled) zigzag/triangle likely in progress, and then wave C(circled) decline which would be yet more complex is ahead.
After an impulsive five-wave sequence up of the cycle degree in May 2008 , Platinum is likely to correct in a three-waves sequence(or a variation).
An overview on the ongoing Platinum’s bear market :
the sharp simple structure fall could be labeled as the wave A(circled), the simple rise could be wave (A) of wave B(circled) zigzag/triangle likely in progress, and then wave C(circled) decline which would be yet more complex is ahead.
Elliott Chart 