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Could Fibonacci extensions have helped you identify profit targets during platinum's biggest rallies

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Breakdown

0:00lesson

Fibonacci extension on platinum

  • Bottom picker buys platinum at 300-400
  • Fibonacci extension identifies 1000, 1100, 1300
  • Levels act as support/resistance
  • 300% retracement hit near $1
  • 1618 level shows hiccup, not coincidence
0:45lesson

Platinum price action 2020-2021

  • Platinum rose from 600 to 1200 in a year
  • Retraced down to 600 by 2022
  • Next run up breaks 38.2%
  • 61.8% level broken easily
  • 78.6% level acted as stop out
1:20lesson

Daily chart analysis of platinum run

  • Daily chart shows 100% extension
  • Price stops at 78.6%
  • Breaks through 1618 level
  • Hits 300% move on top day

Informational only — this is In it to Win it’s content, decoded by Plutus. Not Paid Daily’s advice or a recommendation. The outline, timestamps, and claims are extracted from what the creator said; verify before acting.