Type: Bearish Momentum
Preferred case: We see the potential for a bearish continuation from our pivot level at 2377.0 along with horizontal overlap resistance towards our 1st support level at 2305.0 in line with 161.8% Fibonacci extension, 78.6% Fibonacci projection and -27.2% Fibonacci expansion.
Type : Bearish Dip
Support : 2302.0
Preferred case: We see the potential for a bearish dip from our pivot level at 2396.0 in line with 127.2% Fibonacci extension towards our 1st support level at 2302.0 in line with 61.8% Fibonacci projection.
Alternative scenario: Alternatively, price may break our pivot structure and head for...
Type : Bearish Reversal
Support : 2303.0
Preferred case: We see the potential for a bearish dip from our pivot at 2396.0 in line with 78.6% Fibonacci projection towards our 1st support at 2303.0 in line with 61.8% Fibonacci retracement, 100% Fibonacci projection and 161.8% Fibonacci extension. Our bearish bias is supported by...
4.10.22 PA1! and Lumber : I was really surprised when my students sent me an email showing a huge margin requirement for Palladium. I was a little embarrassed to not realize how high the margin requirements were, so I made some excuses for something I missed, and I gave my perspective on how I would look at this and what it means from a practical point of...
2.22.22 PA1!: spend a little time on this video so that you can think about some of this and reflect on it to see if it makes sense to you... the evolution markets failing to make new highs and then braking explosively as buyers give up until the market comes to support (other buyers). This is also about markets contracting and trading to smaller range boxes...
2.15.22; PA1! I wanted to give you a follow-up a few hours after Today's earlier video so that I could provide more detail for that trade, but then I decided to draw a fresh pattern and show you how you could've done a long trade at support in addition to the long trade on the earlier video. And there was even a short trade you could have taken when the market...
2.14.22: PA1! part 2: I think this is a good example of complex wash and rinse cycles that ends up favoring buyers. If you are patient, and flexible you can find a high probability trade without a structural stop, but you will have to understand price action and reversal patterns.
These thoughts are my own ideas based off my own analysis. Please do your own research before putting your own money into the markets.
To anyone new: If you have any questions then please feel free to contact me.
To my loyal follower(s): I'm sorry for the lack of trades but I have decided not to continue with updates on trades. This is for you few who contributed...
Hello TradingView Family, this is Richard, if you like the idea, do not forget to support with a like or/and comment.
PA1! is sitting around a strong support area and round number 2000.0 so we will be looking for buy setups on lower timeframes.
on H4: PA1! is forming a wedge pattern in red but the upper trendline is not valid yet, so we are waiting for a new...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
PA1! is sitting around the round number 2900 so we will be looking for sell setups on lower timeframes.
on M30: PA1! formed a valid trendline in red but it is not ready to go yet.
Before we sell, we want the sellers to prove that they are taking over again.
You don't want...
Since our last post, palladium has made good progress, moving up $90 to meet the resistance
from February 2020. Price is at an interesting point, because a clean break above and we
should see price move towards the all-time high at $3017.
The weekly 50 simple moving average has aided this gradual upwards move. The first break of
$2875 was short-lived as price...
Idea for Palladium:
- 2 Potential short swing trades coming up with good R/R.
- Currently bullish Trend, bearish Trade.
- Can make Trend Ascending Triangle and breakout, or Rising Wedge reversal with a local Head and Shoulders.
- I am looking to short the re-test of the breakout to the downside.