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Palladium - Weekly Chart - Correction wave C is expected to drag the price up to the $1370.00 range. TVC:PALLADIUM CURRENCYCOM:PALLADIUM CAPITALCOM:PALLADIUM OANDA:XPDUSD NYMEX:PA1! FX_IDC:XPDUSD PEPPERSTONE:XPDUSD EASYMARKETS:XPDUSD FX_IDC:XPDUSDG
given chart invalid if price exceeds 2698.61 in the short...
Palladium has just provided three reasons why I will look for a retracement before looking for the long.
1. Market has reached a trend line connecting tops - 9 month span
2. Market has hit the 1.272 from high 18th Nov (double top) - low 31th Dec - the 1.272 is the pink line. Note: We need to take in to account the larger swing from Dec15 - present.
3. Market has...
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...
What is PALL ETF?
PALL is first in the space that focuses on palladium exposure in an ETF. The fund tracks the movements in palladium spot price, by providing focused exposure to palladium held in JPMorgan vaults in London and Zurich. ... PALL is structured as a grantor trust preventing trustees from lending the underlying metal.
Palladium - Monthly chart is making a come back after falling off the cliff in the past few months. The drop can be viewed as a much needed correction in the overall bullish trend in the metals market. Price action is telling me that palladium prices have found the floor and now price looks set to bounce back up to possibly new highs in the next coming months to years.
Idea for palladium
A bullflag has formed just below a key fib level
This will likely break the level and push it higher
The open moving averages is a very bullish sign as seen in the comparison to BTC during the 2017 bull run
Previous thoughts on Palladium
Currently above major trendline
I assume this structure that is forming will break down into the wedge / triangle that has formed below, that will be the optimal entry point above the trendline of the spiral.
Bullish since the beginning.
Hello everyone!
Two scenarios I'm tracking for Palladium.
The first is the confirmation of the Inverted head and shoulders and bullish from current level, the second is a confirmation of a bearish flag and a bounce back from the dynamic support.
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Hi guys!
Palladium has touched the dynamic resistance and might retrace from here though the impulse is very strong, hence it might retrace just a bit and continue the uptrend backed by the weak US Dollar due to the Stimulus bill.
Platinum bull market will look to begin in the next 6-8 months based on past performane when this ratio breaks higher from a bullish downward pointing wedge. Once this occurs a platinum bull market usually follows. Watch with anticipation and it would be prudent to prepare for some platinum purchases in the next few months.
Not a lot specific believe or view behind this post, apart from technicals.
Over the last few weeks we were trading inside a triangle, mostly shaped by a huge collapse early in march and recovering afterwards. We broke out of the triangle last week. Palladium tends to trade down in a weakening economy, which is where we are heading given all the recent news.
We...
Not a lot specific believe or view behind this post, apart from technicals.
Over the last few weeks we were trading inside a triangle, mostly shaped by a huge collapse early in march and recovering afterwards. We broke out of the triangle last week. Palladium tends to trade down in a weakening economy, which is where we are heading given all the recent news.
We...
