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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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