Idea for Palladium: - 2 Potential short swing trades coming up with good R/R. - Currently bullish Trend, bearish Trade. - Can make Trend Ascending Triangle and breakout, or Rising Wedge reversal with a local Head and Shoulders. - I am looking to short the re-test of the breakout to the downside.
GLHF - DPT
Trade active
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300 pt selloff confirms the reversal. On re-test can short:
I wonder if this downturn in palladium and commodities in general will be more of a 'baby out with the bath water' scenario as the broader markets roll-over. In-demand commodities tend to recover more quickly after market down-turns, IMO.
I wonder if this downturn in palladium and commodities in general will be more of a 'baby out with the bath water' scenario as the broader markets roll-over. In-demand commodities tend to recover more quickly after market down-turns, IMO.