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...
Please support this idea with LIKE if you find it useful. Price was rejected by Resistance Node (50 MA, Ichi Cloud and the Resistance Trendline of the Descending Channel). It's more likely to continue the decline and retest the 200 MA Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this...
Palladium has produced a bearish divergence, followed by a possible bullish divergence, yellow fib EMA has been a clear support for some time for this bull run, lets see if it holds again. Currently stuck in between a strong horizontal support.
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The price goes down after breaking through the consolidation. You might consider buying at the consolidation target level of 2180. To save money on swaps, it makes sense to consider buying an ETF PALL instead of trading spot or CFD.
The long-term upward trend of palladium is due to three factors: 1. Demand from industry, which greatly exceeds supply. 2. Almost monopoly price controls by producers in Russia and Africa. 3. Interest in palladium by long-term speculators. In such circumstances, prices can rise for several years. That will provide an opportunity to get good income in the long run.
Please support this idea with LIKE if you find it useful. Initiate Short. Entry - 2413.510 TP1 - 2140.442 TP2 - 1967.684 SL - 2502.676 Reason: Exponential Growth, Shooting Star reversal Pattern. The price is overbought According to RSI. Risky: Remember this is a risky setup despite market shows us irrational behavior and previously we got stopped out. Thank...
Welcome fellow Tradingviewers, This analyses is only showing you guys my vision on Palladium and should not be considered as financial advise. If you agree or find this analyses usefull dont forget to leave a Like . With that being said, we can start analyzing one of the less known rare metals around. We at Forallcrypto have been a fan of this metal since...
Palladium formed a bearish bat pattern around 1808 will be a good area to short SL : 1830 TP : Follow arrow
Palladium is now on a new Higher High within the 1W Channel Up (RSI = 68.210, MACD = 65.770, Highs/Lows = 97.7642). Based on the similarities with the 2017 Channel Up and with the 1D RSI having reached a peak level (RSI = 66.981) it is natural to assume that a minor pull back is in place (1,600 projection) that will only fuel the uptrend on the long term within...
Top is insight imo. Break above golden ratio, whenever it comes, will see price peak around 2200. Btw I'm not trading this stuff. /* DEFINITIVELY NOT TRADING ADVICE */
Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
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.
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...