Palladium - 24h expiry Yesterday's Marabuzo is located at 973. Our short term bias remains positive. We look for gains to be extended today. Preferred trade is to buy on dips. With signals for sentiment at oversold extremes, the dip could not be extended. We look to Buy at 973.5 (stop at 953.5) Our profit targets will be 1023.5 and 1033.5 Resistance:...
TVC:PALLADIUM sinking since 2022, fast. The price fell from over $3000 to below $1000. The pain however might end in 2024. The recovering auto sector, jump in manufacturing PMIs and future rate cuts might give TVC:PALLADIUM some breathing room. ETF holdings of gold, silver and platinum all fell in the last year while the palladium holding rose by %20 and more...
Palladium is the Hotest commodity in Town... been in a secular uptrend and still has a lot of room to go!
This is an unmissable opportunity on palladium, you can not afford to miss capitalising of this opportunity. Such money making events don’t come around often, so buy with a stop loss of 949
Buying palladium stop loss 961.11 we also have a long way to go
Starting a position here. Reasons: -61.8 fib; -a lot of negative days; hoping for at least one green day; -this looks like a retest of the previous area(1000$ level); I will follow the PA to see if I add or close the position.
Having had what appears to be a start of trend breakout pump, PALLADIUM has had a violent sell off back down to dip slightly below the 0.618 into the retracement Golden Window. This is a classic Elliott Wave 2 ratio here and good chance it will bounce from this area. Reasonable chance this will end up being the retracement bottom. Notice that the RSI is curling...
A strong trend line in white that can be accompanied with an upper trend line forming a rising expanding wedge. Using this we can obtain a potential top for the next bull move. Bullish
Hello there, PALL IDEA. Big correction since the top (70%). I can see a Bounce to the two purple resistance. The ABC correction of Elliot waves is done soon. Furthermore, the target of H&S is done soon. Buy here and at 860 and 720. Target 1.618 of Fibonnaci, so 4800. Good luck, bye
monthly chart on how Palladium may act once it keeps the 0.786 orange fibo as a support. Once it does that, like it did in Green Circle, it should rally up to fibo 1.00 (roughly 1550-1600 usd for 2024) and then the real move should come after that to fibo 1.272... Mind the divergence in monthly RSI as well, pointing to a upturn...
Palladium (XPDUSD) has been trading within a Channel Down pattern since the October 04 2022 High. Today though, the price broke, marginally so far, above it for the first time after a strong post-Fed 1D candle. This rise was initiated on a Lower Lows trend-line but on an underlying Bullish Divergence as the 1D RSI was during the same period on Higher Lows. This...
Palladium. A rare opportunity to buy and stack at such a low price might not come around for a while. The last time we were at this price was August 2018. The technicals and fundamentals both suggest we are heading much higher.
Small long here, I will add depending on the price action. Reasons for the trade: -acceleration to the downside -anticipating a false breakdown(maybe the add will be after we get back above 950) -divergence on the daily TF -some round price numbers
I expect palladium to start an accumulation process in the following months for the following reasons: Technicals: Palladium is in an untested demand zone which includes 5 years and 10 years It is in an untested demand zone which correspond to the restest of 2001 highs and the breakout of 2018 There is a divergence on the MACD Seasonality is positive...
Currently we are in ABC correction. A point is near and soon we will see movement from A to B . Short term - no position before shorting - time to wait before continue with trend
📈 What is a Rising Wedge? The Rising Wedge is a bearish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bearish reversal, with the price likely to break downward after the wedge pattern. 📈 How to Identify: Draw a trendline connecting at least two lower...
There seem to be a trend reversal on major support for Palladium at 1000. Lets ride this thing back up. www.tradingview.com