Here we can see the market is trading within a large 5 wave cycle. So far the 4th wave has an incomplete ABC corrective sequence with a pending C swing to complete. Highly recommend all those tracking Fed this week to keep an eye here as the bid expires it's time to look for a material high.
This thesis implies the natural target in this C swing is 1220.xx ...with that said as soon as we start to see the lows of A being taken we are going to see sharp money outguessing the bottom.
Best of luck all those trading Palladium over the coming sessions.
This thesis implies the natural target in this C swing is 1220.xx ...with that said as soon as we start to see the lows of A being taken we are going to see sharp money outguessing the bottom.
Best of luck all those trading Palladium over the coming sessions.
Comment:
A good time for a quick chart update here with commodities looking very soft and risk creeping back into the picture
