This chart is again more study. The chart is composed of more fans than I care to explain. However , the important thing to be drawn from this chart is the purple band. I know I could just draw a and be done with it but the fans really give a visual representation of what a really is and also help one judge the strength of that . The purple band ( ) is very wide and quite strong. After palladium price fell below the purple band mid 2012, it has tested the purple band twice and failed twice. We are now setting up for a third test of the purple band. Fail again and the trend will most likely be down. Cross it and the price may go much higher.