Short term view suggests the rally in Palladium to 2814.25 ended wave (3). The wave (4) decline in Palladium is currently in progress to correct cycle from May 13, 2019 low before the rally resumes. Internal of wave (4) is unfolding as a double three Elliott Wave structure. Down from Feb 28, 2020 high (2814.25) , wave ((a)) ended at 2610.1 and bounce in wave ((b))...
Entry plan is based on the palladium head and shoulder pattern .
I'm waiting and watching for price action to signal a top near the dashed line (drawn from left shoulder's high). Ideally we get some deceleration with a doji candle followed by a high test candle to form the right shoulder and signal a reversal to the downside.
The bull cycle counts are...