Platinum is a pattern that can revert to the weekly demand zone. If the market hits the weekly demand zone, there are two cases.
1. If the rebound is successful in the weekly demand zone, it can be an expanded flat pattern with a very large W-X-Y structure, so you can aim above the red dotted line.
2. If the rebound fails in the weekly demand zone, it becomes a running flat pattern of bearish waves, so a second large monthly bearish wave follows.
So, if you want to buy, look for buy opportunities in the weekly demand zone.
1. If the rebound is successful in the weekly demand zone, it can be an expanded flat pattern with a very large W-X-Y structure, so you can aim above the red dotted line.
2. If the rebound fails in the weekly demand zone, it becomes a running flat pattern of bearish waves, so a second large monthly bearish wave follows.
So, if you want to buy, look for buy opportunities in the weekly demand zone.