Since our last update, Palladium broke below a Descending Triangle at $1,614 and is currently at $1,227.
The downtrend is strong and now there is a Rounding Top formation.
Break below and it could very well go to our first target of $880.
I'll let you know.
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...
Palladium futures are up against a downtrend line and the 21-dma. A decisive move out above $1300 on a weekly close should open the door to a test of $1360 at minimum.
We’re looking at the weekly chart.
We can see palladium’s price has fallen since 2021 from $3,000 down to today at $1,424.
Then in 2022, palladium shot up to above $3,400, this has formed what’s known as a Descending Triangle.
This is where the price makes lower highs and bounces on the same floor level.
Now that the price has broken below the triangle, this...
pretty short opening breakouts on natural gas and palladium.
lets always short the weakest markets ...
there are also plenty of other markets that triggered short signals including nasdaq, gold and euro
but be aware those are high risk setups, markets go down and then jump right up again, better stick with the trending markets and exit prior to big news releases...
5.23.23 This video is about Palladium... but it's a great video because it gives me a chance to show you some patterns that a lot of Traders will look for, but sometimes I neglect Talking about these patterns even though they affect my trade decisions. Another reason why you might want to look at this video is because your perception of the market can filter out...
5.22.23 I think there might be a long trade tonight on oil.... and I think there is a 1600 to $3,000 target potential... with a small stop. Even if the oil trade loses money, I think it's much easier to trade the oil setup than it is the Palladium set up..... I hope some of the people following me try to use some of these tools....And paper trade..... and get...
5.21.23 This video Is about a palladian trade tonight... Hypothetical. I drive the lines ...Including A grid. I show how the market traded and where there could have been some good trades leading up to this one. With this particular trade as it turns out... both buyers and sellers are essentially if you ticks away from having to trade... but I decided on the...
#Palladium has been going down for a while, and there are investment strategies called "CTA trend followers" that have been betting on the price going down even more. However, recently the price has started to go up and has crossed certain levels such as the 20/50 day moving avg crossover that might trigger these CTA trend followers to start buying instead of selling.
My previous palladium long idea only hit 4th TP 1655
Idea: Long around 1300 - 1360 range (RR Ratio 5+)
Reason: Rebounded off key support 1350, 1h 2h 4h daily candle shows potential signs of retracement
Additional indicators used to support the case: Downward channel breakout potential , Awesome Oscillator in 1h 2h 4h signals an upcoming correction
TP: Based on...
3.26.23 I had technical problems Uploading Videos yesterday..... this is Sunday and I managed to do one more video here to give you a perspective on how I might look at the market and judge Market behavior to find trade location. I should not have Determined that the market was going higher on the Thursday video. I show you why that is on today's video. My...
3.25.23 I titled this Palladium because I made a mistake That would have resulted in a $1,600 loss. It's a little bit more complicated than that and also, it was not necessary. I thought I could do this in one video. It turns out that it will take two videos so this will be part one of Palladium.... and I took a look at oil and gold for some visual references.
3.23.23 Palladium can be a very volatile market and this is what makes it very appealing... if you can afford it and you're comfortable with your trading. The details are in the video.... and I show A few opportunities to compare this market when it's ranging... which is A little different from what's going on now when we have a fairly solid support resistance...
Palladium H&S
Head and shoulder reversal pattern formed when the RSI was in divergence.
Neck line already broken and the line was retested by sellers and are in action.
Lower highs and lower lows have been formed as well and downtrend visible
Short on strength or immediately at 1415
SL:1446 last lower high
TP: 1350 the length of head to neck
Palladium - Intraday - We look to Buy at 1474.1 (stop at 1450.1)
Short term bias has turned positive.
Previous resistance at 1475 now becomes support.
We are trading at oversold extremes.
We look to buy dips.
We look for gains to be extended today.
Our profit targets will be 1534.1 and 1544.1
Resistance: 1515 / 1527 / 1540
Support: 1490 / 1475 /...
