astroobserver

Palladium " looking for the top " Day chart

Long
TVC:PALLADIUM   CFDs on Palladium (US$ / OZ)
The price action extrema have been fitted with quadratic curves Curve anchoring is don at 4 hr chart ( at least ). these extended parabolas often find support at further in the price history This may be unexpected or can predict levels or resistance, support or extrema of the overall price actions. The most relevant Parabola or palladium today is Solid Blue. ( rooted 17 Aug 18 low and the current rally ) Its intersection with other 'well rooted curves' may indicate the apparent top as a moving targe. as time evolves so does "the top". Point B stands out. Dashed Red is the bull parabolic trend trend: ( rooted and the 2001 high and the Dec 08 low ) Solid red Parabola is the probable field of action in a 'metals bull environment' . If the Price jag does not reach point B it may revert to Dashed Grey: ( rooted in the 17 Feb 11 high ) . A problem arises with Solid Orange, it is not well rooted and its pointing to B: a "logical looking" peak. Dashed Blue is well rooted. Solid Green is well rooted. This does suggest that the top Now. I am not certain . Is this in harmony with the current moment? it feels that there is more to the up side for palladium: Thus Point B ( 10 Sep 19 ). Solid Red parabola is as well rooted as can be for the information implicit int he price Jag action for 2018. The top side to that is apparently "to high" Point C ( Aug 2020 ) point C implies monetary instability. Solid Green is rooted in the 06 Jan 2016 low and the Jan 08 local peak . ( disclaimer: this is a experimental approach to price action analysis . i do not claim to know now or predict future price action of this financial instrument or any commodity. I like to dress price action Jag in parabolas, because that is beautiful. ) ( i don't own any palladium )

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