Minute operational scale (H4)
Early August - how Palladium & Platinum will behave - overview of movement options from July 31, 2020.
____________________
#PAF (Palladium) Current Month
From July 31, 2020, the movement of #PAF (Palladium) will be determined by the development and direction of the breakdown of the boundaries of the 1/2 Median Line channel (2150.00 - 2102.00 - 2058.00) of the Minute operational scale fork - details of working out these levels are shown on the animated chart.
If the resistance level of 2150.00 is broken at the upper border of the channel 1/2 Median Line Minute and the Median line Minuette (2165.00), the upward movement of Palladium can be continued to the borders of the channel 1/2 Median Line (2230.00 - 2280.00 - 2330.00) of the Minute operational scale fork with the prospect of reaching the lower limit of ISL38.2 (2375.00) of the balance zone of the Minute operational scale fork
If the support level of 2058.00 breaks, the downward movement of #PAF may continue to the warning lines - UWL38.2 (2012.00) and UWL61.8 (1944.00) - Minute operational scale fork.
The markup of #PAF (Palladium) movement options from July 31, 2020 is shown on an animated chart.
____________________
#PLF (Platinum) Current Month
The development of the #PLF (Platinum) movement from July 31, 2020 will be determined by the development and direction of the breakdown of the boundaries of the 1/2 Median Line channel (949.0 - 926.0 - 904.5) of the Minute operational scale fork - details of the movement marking in this zone are shown in the animated graphics.
If the resistance level of 949.0 is consistently broken at the upper border of the 1/2 Median Line Minute channel and the upper border of ISL38.2 (954.0) equilibrium zone of the Minuette operational scale fork, the upward movement of Platinum will be directed to the borders of the 1/2 Median Line Minuette channel (975.5 - 988.5 - 1001.0) with the prospect of reaching the lower bound of ISL38.2 (1008.5) balance zones of the Minute operational scale fork.
With a joint breakdown of the support level of 904.5 at the lower border of the channel 1/2 Median Line Minute and the initial SSL line (899.5) of the Minute operational scale fork, the downward movement #PLF can continue to the goals:
FSL end line (862.0) of the Minuette operational scale fork;
warning line LWL38. 2 (854.0) of the Minute operational scale fork;
LTL Minute control line (832.0).
Details of the #PLF (Platinum) movement options from June 31, 2020 are shown in the animated chart.
____________________
The review is compiled without taking into account the news background, the opening of trading sessions of the main financial centers and is not a guide to action (placing "sell" or "buy" orders).
The material has been provided by InstaForex Company - www.instaforex.com