/PL (platinum futures) offers an objective long entry on this impulsive breakout above this 60-minute falling wedge pattern. Price targets are shown at arrow breaks & stops commensurate with one’s preferred target(s).
PL 60m July 13th
I’ll follow up with a chart on PPLT (platinum ETF) in the comment section below this post asap but just wanted to get this trade idea out asap as I suspect it may continue to run today.
edit: In my rush to get this trade out asap, I mistakenly referred to platinum as palladium in the title of this post as well on the annotations in the 60-minute chart of /PL (platinum futures) above. The typo has been corrected in the title and the charts of platinum futures above as well as PPLT (platinum ETF) in the comment section below are the correct charts.