sugardaddyFED
Short

Palladium looking to correct lower

FX:XPDUSD   Palladium/U.S. Dollar
39 0 1
- Overhead resistance from the weekly DTL
- Invalidate if price broke above 650 and trade above the DTL
- Looking for an ABC wave lower and for price action to stay within this bearish down channel
- Weekly RSI is overbought - perhaps dead cat bounce is over now
- Retest of previous low is possible
- Caveat is palladium             prices can be very volatile
Trade active: Weakness prevail
Short initiated and looking to let it run though stops moved to break even
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