Primarily, we expect Palladium to move downwards once more to dive into the yellow zone between $1176 and $1088. There, it should finish wave v in green as well as wave (b) in blue before taking off in the direction of $1577. However, there is a high 48% chance of the metal being an early bird. In that case, Palladium would have already concluded wave Alt.v in...
Type : Bearish Momentum
Resistance : 1989.0
Pivot: 1954.5
Support : 1887.5
Preferred Case: On the H1, price is moving below the ichimoku cloud and along the descending trendline which supports our bearish bias that price will drop from our pivot at 1954.5 in line with the swing high resistance to the 1st support at 1887.5 in line with the swing low support,...
An idea suggesting bull continuation for palladium
Price can be seen to be sitting right on 4.618 of a trend that was drawn within the bull structure
This is a possible recovery point
It also aligns nicely when a trendline is drawn across the top of the two circles, providing a possible target
The green lines are strong support areas if the bull idea does not...
I'm showing you how my very profitable Palladium USD strategy worked out very well :)
Check out how this system nailed the perfect entry for XAU USD ( Gold ). Press play to check this Ground-breaking result!
*Richimoku ( Advanced Ichimoku Kinko Hyo with 4 Clouds! )
*Kumo Waves (Indentify divergences, trends, investor sentiment.
Know First. Act Faster. A...
As a rule of thumb you shouldn't call tops or bottoms, react to change. However ima give it my best shot for fun. A bullish divergence can be seen for Palladium on the RSI, which has lead to a large bull run comparable to the initial bull run seen, will this come crashing down like the fractal predicts? I'm no Nostradamus but it would make a hell of a trendline....
Palladium has made a strong bullish move in recent months. This may be due to global uncertainty. Palladium is near the top of the rising trend that has formed.
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...
Here is a textbook elliotwave chart, any pullbacks here should catch a strong bid with invalidation on the pattern coming in below 1,125, no surprises it is the top in wave 1.
The underlying trend is clearly bullish and I see no reason for this trend to not continue on towards 1,850. Those who are looking for positions here, it is inside range trading time...
Palladium has had a fantastic run for 2019 so far, primarily driven by declining global supplies mixed in with rising global demand. In fact, as a result of this trend, the metal has been up 24% so far year-to-date.
However, despite this the stellar trend, recent price action has shown that the rally may be running out of steam. As can be seen, though the price...
Going to short one of the most bullish charts I have seen recently. I think we're going to get a double top on a way overbought over hyped metal, this should be a really nice trade, we will see.
Palladium futures are moving in an ascending channel, making higher highs and higher lows. It should be safer to only place buys, as sells may be short lived. However, feel free to play the tennis game inside this channel.
This should be an easy one. Do remember that metals are quite expensive to trade so go easy on the lot size if you have a small account so...
