looks like a double bottom to me

With gold and silver making new ST highs, it is very likely Pt will follow.
It is a pretty thin market with no production elasticity.
Should break the downtrend soon.

It took a bit longer than expected but it's a definite BO.

Im long PPLT at 80.00. Been patiently trading it in small sizes, but this time keeping the lot. I think platinum going to 1000 before the end of the year.

Im long PPLT at 80.00. Been patiently trading it in small sizes, but this time keeping the lot. I think platinum going to 1000 before the end of the year.

Here are a few targets, just simple fibs.

I have no ax to grind wrt platinum, just pointing out the recent chart pattern looks a lot like the couple months following Thanksgiving 2017.

for what its worth I bought back the PPLT I sold on Friday in pre market...I think 1000 plus is in the cards next week.

Successful re-test of the breakout.

Looks like gold and platinum are turning up but gold may be winning.

Retesting the BO

An encouraging platinum article:

https://www.thetechnicaltraders.com/look-for-platinum-to-rally-following-gold/