Wolf Wave Pattern on All Time High, due for a correction ?

FX:XPDUSD   CFDs on Palladium
I have been watching the Wolfe-Wave Pattern recently (thanks to 4xForecaster https://www.tradingview.com/u/4xForecaster/). It Looks like we have a nice setup on Palladium             for a correction (or a reversal ?) by -7.5%.

* Entry short in the "sweet spot zone" circled in red, named like this because it's under the top of the channel (green) and over the top of the wedge (blue).
* Stop loss over the top of the channel around 923.
* Target in the 840 range.

Bearish Wolfe Pattern: http://way2profits.com/wp-content/uploads/2013/07/bearish-wolfe-wave-pattern-way2profits-300x227.jpg

I'm excited to see the outcome for a first experience with that pattern.
Nice call there!!!
+1 Reply
nailed it
+1 Reply

Take profits, despite any technical rebound, I tink Palladium is in trouble and continue inside the bearish channel (red) to correct and test again the $700 range. Where the outstanding bull rally began this year.

IvanLabrie J.Livermore
Still holding on to that short? Perfect clean setup, surgical strike. :D
+1 Reply
J.Livermore IvanLabrie
I closed on friday (around 880) then tried to short again yesterday but been hit by a stop loss for 0,05%, I missed the drop :(

Very frustrated and frustrating. By that was the plan, so shit happens.
+1 Reply

A similar price action was achieved between 2014-04-21 and 2014-06-11, leading up to a similar 5-prime and a resulting drop. A nice repetitive market geometry developing.

David Alcindor
+3 Reply
It does look like a great trade in the making. Cool
+1 Reply
J.Livermore IvanLabrie
I didn't expected that timing to be honest!
+1 Reply
We have a nice H&S pattern (1H) which help us to take a safe bet.

Nice catch, good luck
+2 Reply
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