Palladium Futures (PA1! ), H1 Potential for Bearish Dip
Type : Bearish Dip
Resistance: 2421.0
Pivot: 2396.0
Support : 2302.0
Preferred case: We see the potential for a bearish dip from our pivot level at 2396.0 in line with 127.2% Fibonacci extension towards our 1st support level at 2302.0 in line with 61.8% Fibonacci projection.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance at 2421.0 in line with 161.8% Fibonacci extension.
Fundamentals: No major news
Resistance: 2421.0
Pivot: 2396.0
Support : 2302.0
Preferred case: We see the potential for a bearish dip from our pivot level at 2396.0 in line with 127.2% Fibonacci extension towards our 1st support level at 2302.0 in line with 61.8% Fibonacci projection.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance at 2421.0 in line with 161.8% Fibonacci extension.
Fundamentals: No major news