Platinum - 6th August 2024 | @ 140 Days | + 7.64%
Last trade: +7.64% | Founders Only Report: 'C' class signal detected in Platinum (XPT/USD). Running at an average wavelength of 140 days over 11 iterations since September 2020. Currently troughing
ΣL Cycle Summary
Despite the relatively noisy nature of this signal, price moved in concert with the phase of this component, to the downside, into early August. A trough is now due with the next peak range slated to come in early-mid October. The nearby lows at around $870 are a possible point of interest for a liquidity sweep prior to the next move up of this wave.
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: Late Sell - Platinum 27th June 2024
Entry: 27th June 2024 @ 990.45
Exit: 6th August 2024 @ 914.75
Gain: 7.64%