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Chimbarosa

Possible Long (Inverse SHS; Divergence 4H)

Long
CFDs on Palladium (US$ / OZ) (TVC:PALLADIUM)  
Chimbarosa Updated   
TVC:PALLADIUM   CFDs on Palladium (US$ / OZ)
Head and Shoulders Double Top or Bottom Oscillators Inverse Head and Shoulders Divergence
6
0
headandshoulders doubletoporbottom oscillator inverseheadandshoulders divergence
We have a potential Inverse SHS pattern, which is not completed yet (wait for completion). The head is support by an double bottom.

If we move above the neckline, we can open the trade, which would be around 2,065. Potential target is 2.370.

We should not move below the low of the right shoulder once completed.

Good luck.
Comment:
Wait for the Sept. Contracts in order to avoid any roll-over effects.
Comment:
Palladium Sept. contracts are tradable as of today (chart is still based on spot rates hence prices differ slightly).
Comment:
I am still watching this one, but it seems that this set-up becomes more and more invalid.
Order cancelled:
Became invalid
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