Check out the wedge pattern. Possible trend reversal...
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
This bearish pennant formed on the XPD/USD @ D1 offers a bearish breakout opportunity. The pennant and its pole are marked with the yellow lines. My potential entry level is the cyan line. My potential take-profit level is the green line. The stop-loss level is already marked on the chart.
ATH retest incoming!
Platinum to Palladium ratio at historical low inside a descending terminal wedge. Key signal that higher Platinum and lower Palladium prices are due in the next phase of the move. Long Platinum and Short Palladium here.
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
Pattern: Rectangle on 1W. Signal: Bullish once it approaches the 1W Support Zone. Target: 1600 (right below the 1W Resistance Zone).
Lots of momentum lately for palladium... time to complete the bigger structure. I am seeing downside on palladium to complete the expanding flat formation before completing the bigger structure(1,2,3 formation) for more upside. Let me know what you think. Every insight is appreciated ! Thank you !!! VERY long term: Very bullish...
I believe we reached a double top in the Palladium Chart. Also the fundamentals in the car industry and economy in general are getting worse which also supports the upcoming downtrend in palladium. Looking Forward to hear some of your comments about my idea.
Last post: June 25th 2019. See chart . Review: Price was moving towards resistance. Update: Price has now started to pull back and is approaching the support level. Conclusion: If price comes down to support and that level holds, then we may see another move to the upside. Any comments or questions, do not hesitate to leave them below. Give us the thumbs...
Once $1500 on the September futures breaks, I expect a quick and decisive fall to $1300. Additional things I see which makes this a high conviction trade: 1.) Seasonal pattern for XPDUSD is usually weak in mid-July until mid-August/early-September 2.) $1500 was a major breaking point in March as well. Once prices broke that level, the selling came in swiftly. 3.)...
Hi there. Price is moving impulsively as expected. Wait for the price to complete the continuation pattern that its forming and watch strong price action for sell.
Palladium (PA), Weekly chart: Resistance zone + Pin bar/Shooting Star candle pattern + Extended divergence on RSI(14) + On Daily chart: Overbought + Divergence on RSI(14)
Gold, bitcoin, palladium. What is common in them? The parabolic motion track. These three instruments were the first to pick up the parabolic track. A highly respected analyst, Captain Walker, pointed out earlier that some exchange rates are beginning to take up this type of movement. These movement paths are characterized by very high target prices, but also...
Hi there. Price is forming a reversal pattern to change its direction. Wait for the price to test the previous high and watch strong price action for sell.