October Platinum is coming to the end of a Bearish Cypher. Overbought condition and the ceiling of R3 should send Platinum down. Downside target is 948.5. Historically, Platinum rarely exceeds R3, so a better potential for short term downward pressure. Watching to see if it can eclipse 973.5 as it could take one more run up before coming down.
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Platinum hit R3. Trying desperately to achieve 996.2
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Platinum exceeded target R3. Hit secondary target previous R3 at 996.6. Now severely overbought, but no sign of a downside retracement.