Palladium: This precious metal has been stalled. Soon will rise?

I favor we are now in a consolidation triangle. Often (not always) there is a Fibonacci relationships between the legs. In this case the '"c" on the daily chart is .5 x a. If e is .5 x c then we get the top of the target chart given. When the target area is reached and we get a price action sign of possible reversal I will go long.
Notice the positive reversal in the weekly RSI ( RSI gets lower but the price stays up).

Process your way. If correct often there is a rapid rise out of the triangle.


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