PPLT (platinum ETF) is on watch for a potential short swing trade following the recent divergent high & bearish developments on /PL platinum futures. Should I decide to make PPLT an official trade, the specific trade parameters (price targets, suggested stop & beta-adjusted position size) will follow. 60-minute chart below.
PPLT 60m Nov 4th close
/PL platinum has broken down below this 60m uptrend line following yesterday’s divergent high & appears headed lower although it has minor support just below around 926 which is likely to produce a reaction if/when hit.
PL 60m Nov 5th