Palladium has formed a bullflag on the 4H chart, this is looking to extend the current bull run that has produced large returns.
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....
Looking for further upsides once symmetrical triangle completes final downward wave, breakdown of triangle leaves us with a target at the grey EMA level, which is still very bullish above the parallel channel.
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.
Pall has seen a major bull run lately. Volume is declining. Divergence is forming but has bounced previously. I understand that scarcity of this metal but it needs a healthy pull back before continuing further. Additional real use and applications for this metal would help boost the next leg up.
Palladium OANDA:XPDUSD has been the talk of town the last few months, as it has surged in price almost 50%, and has only continued to become more valuable, bolstered by the Volkswagen emission scandal, and China’s new emissions regulations, which have affected how the country’s cars are made. All of this is really important as almost 80% of all palladium winds...
Palladium is one of the hardest commodities to analyse in my opinion, however its been in a uptrend since it starts, i believe its created a pullback to shoot back up to create a new all time high
Palladium is in my opinion in a broad correction wave, within which it should now come to a price increase to $ / oz 1.030. There, in the favored scenario, the wave B could end and within the framework of the wave C with new lows up to $ / oz. 870. Alternatively, a (a) (b) (c) (d) (e) formation forms before the wave C starts. A bullish scenario will only start at...
My fellow traders, This evening, I post my insight for two reasons.First, you may notice what thing is reaching 16 years highest.Then, you will recognize my analysis and get huge profit. .... The element 46, Palladium is reaching high price zone now and can open SELL position from now. In 2001, the price reached 1100 zone and drop...
XPDUSD's daily close yesterday has confirmed my trade analysis with the ascending channel of the metal commodity. With temporary supports just ahead, will this metal commodity continue its decline to the bottom of the ascending channel?
Whilst looking up at my trades -- and the technical outlooks -- of the market beforehand the NFP, several of them suggested a further decline on the Dollar. Meaning, bad NFP number; an increase on the annual wage growth would then be the only data that could save data. But no... NFP sealed the fate of Dollar. Beforehand the actual release of the data, I entered...
Palladium did a nice bounce off her trendline again. (previous idea posted) - Now, the indicators all say we're in for some downward/sideways motion, so there is some risk that she may break that trendline but she has seemed to hold so far. So I am holding and buying the dip :)