Platinum (Update)

Platinum prices stalled @ 1046.70 on January 16th, which was inside the middle of my proprietary Fib resistance zone.  Is this the start of a bigger correction or just a temporary pullback before making new highs?

• Let's digest the chart for clues:
• Jan 16th high made on selling (black candle), which is bearish.
• Jan 16th high made near the monthly R2 pivot @ 1041.00, which can be an overbought level.
• Jan 16th high corresponds with 3 major swing highs from 2017 and 2018.  All of them saw big sell-offs afterwards.
• Price action has since fallen more than the previous 3 retracements off the Nov 12 swing low.  This breaks the symmetry of this up move signaling a bigger correction could be coming.
• Large traders have record net long positions as of Jan 21st, which is bearish.
• The MACD formed a bearish crossover yesterday.

Conclusion:
The chart is starting to support a bigger correction.