Nach dem starken Anstieg des Palladium Preises befindet sich der Markt nun auf dem daily Chart in der Überverkaufzone. Zudem sehen wir eine bearische Divergenz bei MACD und RSI. Wenn der Trendkanal welcher nun seit August anhält gebrochen wird sehe ich hier eine mögliche Korrektur auf ca. 1542 USD. Natürlich sollten wir hier noch auf Bestätigung warten.
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...
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...
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.
Just a sweet position to take with such great r:r. It couldn't make a new high yet and has a good probability to turn this a double top swing failure with some resistance confluence, ABCD and some divergences.
Hello Traders, XPD/USD Palladium 1578.418 VS 1311.485
Blue: Developing a Bigger Corrective / Consolidation / Continuation Pattern
for further upside movement breaking all time high's 1578.418 / 1311.485 VS 1827.393 / 1705.807.
Yellow: Looking for smaller continuation / corrective pattern for current impulse to break 1578.418.
Red: Red: Consolidation /...
It is no secret that Palladium is one of the biggest winner of the last 3 years. It's long term chart shows that there is even great upside potential. During 1996 - 2001 Palladium made a +879% rise before it consolidated for more than a decade.
Palladium investors eye a similar pattern. The strongest reason behind this is the Palladium-to-Gold ratio. In 2000/2001...
Near $1566 is a great place to open Sell
- Low risk
- Price broke down a key level and many 4hour candles bounced down from that level many times
- Potential profit in 5 - 10 times bigger.
It is entry against maint trend Use low risk.
Push like to support this idea.
XPDUSD Palladium long swing trade setup based on pullback to .618 to .786 fib zone. We may get a bounce here off S1 where price is stalling or possible move further to S2 and S3. My entry long at S1 1553.529 today with a SL at S3 1513.582 and TP at R2 1608.117. Not financial advice.