Palladium had been in a bearish channel for some time, but after a double bottom it's gone W in a big way. That way has been nearly vertical but is now looks exhausted. Having been rejected from the 1.618 Fib, profit taking will be next as everyone gets ready to race for the door. Looking closer on the 4H chart, the 50MA is about to cross up over the 200, which is...
SInce April, we've seen the price on a strong decline from $1,143 down to $843. It then reached a low and has consolidated around forming a Triple Bottom. The price has broken above the downtrend along with the neckline of the pattern. This means, we are ina bull market. But hold up. There are two ways this can go. EIther the market continues to...
I couldn't resist sharing this, out of all 12+ of my overlays this one with Mort Diggidys Renako Overlay ATR Green/Red indicator works the best. Look how it colors allo the candles green to indicate we go up. This is a 3 day chart, so 18 days of buying according to mr Renko.
I discovered that PL a precious metal had fallen 100 points and nobody noticed. I posted it as a buy 3 times and teach time it went up 30-50 points 30 points. I didn't watch it for a while, and it had a trading life all on it's own. Now i se it as a huge bargain again.
The platinum price is currently in the final phase of its blue wave (ii). It has not yet been able to overcome the resistance at $947.10 and has bounced off it. In the further course, however, this should be left behind as we do not expect the end of the movement until the blue Target Zone between $966.60 and $992.20. From here, a descent should then begin and the...
Trading Idea: Buy PAUSD (Palladium) A decline in CME Palladium's commodity price has been observed over the past three months. Idea core logic: This long trading strategy identifies commodities with current prices that are significantly higher than their 200-day, 50-day, and 21-day moving averages. The strategy also looks for commodities with an exponential...
When I first posted about PL it was at 806, since then each time I posted about it it went up another 30 points. Prior to me pointing out what a bargain it was it had fallen 150 points from $946. One time it went up 50 point in one day, or $2500 in one day per contract. Now it has developed a life of it's own, steadily climbing towards higher levels. I...
Remember the last two imes we traded PL at $5 per .10 pt or $50 per point? It wnt up each time I wrote an idea about it. Now it is totally oversold, past the S6 bottom of The Pivots. I expect people to see this and buying commence on Monday.
Today we got a day with a nice trending run up, then the rest of the day it traded in a 10 to 15 point range it i extremely hard to trade 10 point moves, we all wait for confirmation ( 3 points lost), then execute the trade (1 more point), then when it reverses and comes back 5 points, no profit. I took the rest of the day off when I saw this. They call this a...
Palladium is the MOST mis understood precious metal... When it goes drastically DOWN, it sets up the stage for silver (and gold) to SKY ROCKET. We are APPROACHING that moment. Wen moon? #palladium #gold #siler
Palladium, we are approaching the most important level,where i will be very attentive and looking for reversal to go long, if we lose this support next leve will be the poc at around 750
Silver's destiny lies along side a recovery in palladium. #silver #palladium #recession #inflation #recovery
In the price action of palladium futures, recent development has been the emergence of an inverse head and shoulders pattern. This technical formation, characterized by a temporary dip followed by a rise and then another dip, has garnered the attention of traders and investors, who are closely monitoring the implications for future price movements. The...
last time i mentioned pl it shot from 906 to 950, 44 points X $50 per point == $2200 per share. Could this be our personal gold mine. PL like PA i very oversold IMO AND HAS DROPPED from ity's lasty rallty to S5 the extreme of The Pivots. many of my 120= ideas recently have shown how it is possible to 'win' close to 100% of the time buying at the extreme lows...
The breathtaking rally in palladium appears to be coming to the end. Rising supply and slowing demand are undermining the price of a metal used to neutralize car exhaust emissions. Palladium, once the cheapest of the major precious metals, soared from under $500 an ounce in 2016 to over $3,400 last March, leaving platinum and gold far behind. The reason for the...
PL is vastly oversold, down from 2200 to 906, an we have a month of buying see the channel? Platinum is worth more than gold. It's a real bargain IMO.
Tired of all the crazy manipulation of ES and NQ? This metal is poised to skyrocket. It's currently at 911 and I could see it going to 921 tomorrow. With 1 contract you'd make $500. This NYMEX commidity has been going down for a long time, is totally oversold, and already past confirmation, going up. I wanted to trade Palladian, but it is not for the faint...
Option activity in palladium is quite rare. On October 19 the verical spread with targets of $1150-1200 was passed. Despite the insignificant volume, it stands out sharply against the background of previous observations. The logic of this spread is the correction to the area of the previous support.