meszaros
Long

XPDUSD big return...

OANDA:XPDUSD   CFDs on Palladium
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XPDUSD big return. The price of palladium had built a correction channel that slowed down to 840usd. This level is probable to the bottom of the decreasing correction ABC wave structure. If our theory is correct, it may be a slightly flat but very long-lasting rise. The third wave of wave structure rising from 462usd. The target price is 1405usd.
I lost this comment and only noticed it in the days. When I analyzed this motion path I used three different motion theories. The probability of the movement path was then 87%. Because the probability of success was significantly higher than 50%. I entered a long position.
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Not sure about that third wave as in the futures markets i think we are developing a years-long triangle.However i think we'll have a retest of of the high and then down again.
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