TheSignalyst

PALLADIUM - Wait For The Trigger!

Short
NYMEX:PA1!   Palladium Futures
Hello everyone, if you like the idea, do not forget to support with a like and follow.

PA1! is sitting around the round number 2900 so we will be looking for sell setups on lower timeframes.

on M30: PA1! formed a valid trendline in red but it is not ready to go yet.

Before we sell, we want the sellers to prove that they are taking over again.
You don't want to sell a bullish market right?

Trigger => Waiting for a momentum candle close below the last swing low (in gray) to sell.

Until the sell is activated, PA1! would be overall bullish and can still trade higher till the 3000

and of course, as it approaches the lower green support 2500, we will be looking for trend-following buy setups.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

This analysis is done using RichTL indicator
https://www.RichTL.com
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