Divergence spotted at Palladium..
Watching the Palladium's daily chart we can see the weakening of the trend as price can't continue reaching the top line of the up-trend channel.
There is also one great resistance at 810 area well respected.
We can also see the big red engulfing candle that occurred yesterday.
Last but not least we can notice the Macd's divergence with the Palladium's price failing to make new highs.
There is a little support at 785 level.
FIRST TARGET 775 AREA 20MA-MIDDLE BBAND AND GOOD SUPPORT
SECOND TARGET 735 AREA CURRENT BOTTOM TREND-LINE AND BOTTOM BBAND LINE
BUY STOP AT 815 AREA
There is also one great resistance at 810 area well respected.
We can also see the big red engulfing candle that occurred yesterday.
Last but not least we can notice the Macd's divergence with the Palladium's price failing to make new highs.
There is a little support at 785 level.
FIRST TARGET 775 AREA 20MA-MIDDLE BBAND AND GOOD SUPPORT
SECOND TARGET 735 AREA CURRENT BOTTOM TREND-LINE AND BOTTOM BBAND LINE
BUY STOP AT 815 AREA
Trade active
Trade closed: target reached:
Great downward move as i had said first target reached for a while but trade still in play for target 2.
Trade closed: stop reached
Trade closed: target reached