Palladium - Bullish divergence

The noble metal of Palladium has undergone a robust correction of fifty percent since the waning days of March in the year 2022. This fortuitous circumstance has begotten a plethora of reasons for one to adopt a bullish outlook. They include..

1) Price action and RSI resistance breakouts.

2) Bullish divergence. Six oscillators now print positive divergence with price action as measured over a 9 month period. Look left.

3) Not a big fan of targets. However the falling wedge pattern + breakout confirmation now forecast a 3000+ target.

Alas, is it not within the realm of possibility that the price action may suffer a further descent? Regrettably, this rhetorical inquiry must be met with an affirmative response. But, I beseech you, dear reader, to meditate on the concept of probability, for it is in this realm that the prospect of such an event becomes most implausible.

Gwd I need to stop reading the great works for Christopher Hitchens.

Ww


Type: Trade
Risk: <=6% of portfolio
Timeframe: Long from 1300 as the market allows.
Return: 100%