I'm currently expecting a move to the downside to complete the full corrective pattern. We could still be in a sideways move going up before we get the sell.
After targets are hit, I'm expecting the start of a major uptrend.
XPDUSD Broke out of a channel that was the for a loing term, retested the level and looks like it will continue trending upwards to make the 5th wave
Share thoughts in comments
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Palladium is making new entry signals as there is a consolidation on the Developing POC and then another upmove
The Uptrend is now a bit extend so I take half of the postion of and trail the stop on the other half...
Bear Flags are a Range type of chart pattern.
Bear Flag Ranges are repeatable trading chart patterns.
Bear Flag chart patterns will have a directional bias (Short) depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart...
This Idea is a bit conflicting and I am just trying myself out here
Going on Industrial want/need, Palladium should become more expensive in the near future and long term
But technically, it should be cheaper
Only time will tell
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.