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flippedman

Possible end of ABC(DE) correction wave - very bullish pendant!

Long
CFDs on Palladium (US$ / OZ) (TVC:PALLADIUM)  
flippedman Updated   
TVC:PALLADIUM   CFDs on Palladium (US$ / OZ)
Chart Patterns Wave Analysis
2
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chartpattern waveanalysis
After a long bull run, Palladium had a much needed correction. Upward price movement could resume soon to escape the bullish pendant or it could test 200MA (roughly 61.8 fib level) before leaving the pendant.
Comment:
Great movement out of downward pendant. I can see 1.618 Fib level being reached after a few months.
Trade active:
I see further upside after a slight correction (due to oversold RSI).
Comment:
Comment:
snapshot

Will uptrend continue?
Comment:
I think it will respect the pendant if it bounce off that lower support, so far looking like it could:

snapshot
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