Platinum - 27th December 2024 | @ 137 Days | + 6.88%
Last trade: + 6.88% | 'B' class signal detected in Platinum (XPT/USD). Running at an average wavelength of 137 days over 12 iterations since August 2020. Currently troughing
ΣL Cycle Summary
A serene move down in Platinum from late October and into late December confirms this wave, at around 137 days average wavelength, is still dominating the larger, underlying sideways price action. The overall shape of the cycle is neutral so bulls should be cautious for the next leg up, due to peak late February next year, as detailed below.
Trade Update
Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous report for this instrument, linked below.
Type: Sell - Platinum 21st October 2024
Entry: 21st October 2024 @ 1007.90
Exit: 27th December 2024 @ 938.55
Gain: 6.88%