Possible falling wedge on XPDUSD Included a critical point which is adjacent to Fibonacci spiral Buy on breakout of wedge at critical point or earlier.
Sticking to 200MA, short term buy opportunity
Palladium has been rising non-stop for 4 years (since January 2016), a rise that after 2019 turned parabolic. This parabola has broken down this March as the pull back exceeded the 0.382 Fibonacci level that has been holding in the previous two cyclical pull backs (August 2018 and May 2019). The 1W chart is on a neutral state (RSI = 53.141, MACD = 105.160, ADX =...
Trading in middle of 1 - 1/2 Gann structure, a bullish scythe can be observed however it doesn't look that strong, do divergences continue through price lines? just curious. Clear fractal can be observed with these bearish divergences. Best to go long in this scenario, major precious metals will see large increases with global uncertainty rising.
Dates in the future with the greatest probability for a price high or price low
Dates in the future with the greatest probability for a price high or price low
Palladium has produced a bearish divergence, followed by a possible bullish divergence, yellow fib EMA has been a clear support for some time for this bull run, lets see if it holds again. Currently stuck in between a strong horizontal support.
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HVF measured move places target price to ~$2900. This measured move idea is invalidated if we have a weekly candle close below ~$2300.
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Makes you wonder why they don't take delivery:-) $XPDUSD
Palladium saw a 93% rally from the August 2018 low to the March 2019 high and with every big move we can expect to see price become exhausted and form a pullback, reversal or consolidation. In this case, we saw a period of consolidation which appeared in the form of a cup & handle pattern. A cup & handle in an uptrend is a strong continuation pattern but only if...
Palladium is now on a new Higher High within the 1W Channel Up (RSI = 68.210, MACD = 65.770, Highs/Lows = 97.7642). Based on the similarities with the 2017 Channel Up and with the 1D RSI having reached a peak level (RSI = 66.981) it is natural to assume that a minor pull back is in place (1,600 projection) that will only fuel the uptrend on the long term within...
Break below previous month low, can see 1,200 area $PA_F, $XPDUSD
Palladium started strong selloff while Platinum holds strong. PA:PL ratio was at historical highs. Platinum is holding strong and did make new highs when Palladium made lower high. COT is confirming reducing commertials positioning in Palladium
When parabolic line breaks, correction will go deeper $PA_F, $XPDUSD
Fib 1.618 extension area $PA_F, $XPDUSD
It is no secret that Palladium is one of the biggest winner of the last 3 years. It's long term chart shows that there is even great upside potential. During 1996 - 2001 Palladium made a +879% rise before it consolidated for more than a decade. Palladium investors eye a similar pattern. The strongest reason behind this is the Palladium-to-Gold ratio. In 2000/2001...