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Short

Elliott wave analysis on Palladium

NYMEX:PA1!   PALLADIUM FUTURES
Palladium             is in wave 5 down. From EW analysis the wave 5 does not complete yet. The price will meet high resistance at 539.2~565.6.

If the price rejects from this resistance area, open short position.
Open position when it reiects.
SL at 573.9
TP at 451.5

If the price does not reject from the resistance area, this analysis will be invalid.

Good luck for everyone!
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