Get started
BTC337LEE

Palladium - possible short play

Short
abrdn Physical Palladium Shares ETF (AMEX:PALL)  
BTC337LEE Updated   
AMEX:PALL   abrdn Physical Palladium Shares ETF
Trend Analysis
0
0
trendanalysis

looking like a possible adam and eve double top formation being printed on the higher time frames, we'll be looking for confirmation of the 205 to break to the downside for a move all the way down to the 172 area. however this support has held the last three times it has been tested, so we will look for the asset to continue to range until the current trend is broken and the pattern has printed and confirmed. Something to watch for potential downside. areas of interest shown
*cheers*

- Safe Trades & Happy HODLing -
Comment:
as noted the asset continued to range hitting our 214 target area and finding support while remaining above the weekly 21EMA - this was followed by a spike in price that invalidated the possible adam and eve double top pattern from forming.
snapshot
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.