Palladium is in a strong downtrend right now. In fact, in the Trend Following Market Trends Barometer , it is the strongest trend with a value of over 70%. We are opening short positions at market price with a very strong risk management metric - as always - aiming to surf the downtrend and lose only 0.5% of our portfolio value if there is a pullback. Our target...
Looking at the H4 chart, my overall bias for PA1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 1838.5, where the 78.6% Fibonacci line is. Stop loss will be at 1878.5, where the 61.8% Fibonacci line is. Take profit will be at 1759.5, where the 127.2% Fibonacci extension line...
Palladium - Intraday - We look to Buy at 1865.1 (stop at 1842.9) Trend line support is located at 1865. Bespoke support is located at 1850. We look to buy dips. We look for a temporary move lower. We are trading at oversold extremes. Our profit targets will be 1918.8 and 1924.8 Resistance: 1930 / 1958 / 1987 Support: 1900 / 1880 / 1850 Risk...
Title: Palladium Futures ( PA1! ), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 2023.0 Pivot: 1945.0 Support: 1808.5 Preferred case: On the H4 chart, we have a bullish bias. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect price to possibly break the pivot at...
Looking at the H4 chart, my overall bias for DJI is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Price has tapped into my buy entry at 33987.06, where the 50% Fibonacci line is. Stop loss will be placed at 34595.51, where the 38.2% Fibonacci line and previous low are. Take profit will be at 35411.35, where the...
Looking at the H4 chart, my overall bias for PA1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy limit entry at 1917.5, where the 38.2% Fibonacci line is. Stop loss will be at 1839.0, where the recent low is. Take profit will be at 2113.0, where the previous swing high is. Please be advised that...
Title: Palladium Futures ( PA1! ), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 2023.0 Pivot: 1945.0 Support: 1808.5 Preferred case: On the H4 chart, we have a bullish bias. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect price to possibly break the pivot at...
Palladium - Intraday - We look to Buy at 1902.6 (stop at 1881.7) Short term bias has turned positive. 20 4hour EMA is at 1901.3. Previous resistance at 1900 now becomes support. We look to buy dips. Our profit targets will be 1954.9 and 1959.9 Resistance: 1930 / 1958 / 1970 Support: 1915 / 1900 / 1890 Risk Disclaimer The trade ideas beyond this page are...
Title: Palladium Futures ( PA1! ), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 2023.0 Pivot: 1945.0 Support: 1808.5 Preferred case: On the H4 chart, we have a bullish bias. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect price to possibly break the pivot at...
Palladium - Intraday - We look to Buy at 1804.4 (stop at 1782.8) Trading has been mixed and volatile. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. Support is located at 1800 and should stem dips to this area. We look to buy dips. Our profit targets will be 1859.8 and 1869.8...
Price has moved way above this curved trend or parabola in the past it has been seen as a strong support and continually pushing price up when breakdown occurs this curve will be seen as a resistance instead of its normal support. Just the opposite. Strong top along horizontal dotted line, leading to breakdown.
Title: Palladium Futures ( PA1! ), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 2023.0 Pivot: 1945.0 Support: 1808.5 Preferred case: On the H4 chart, we have a bullish bias. To add confluence to this, price is crossing above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect price to possibly break the...
Palladium - Intraday - We look to Buy at 1901.1 (stop at 1876.6) Previous resistance at 1900 now becomes support. Short term bias has turned positive. A lower correction is expected. Offers ample risk reward to buy at market. Our profit targets will be 1959.7 and 1964.7 Resistance: 1920 / 1937 / 1950 Support: 1915 / 1890 / 1870 Risk Disclaimer The trade...
Title: Palladium Futures ( PA1! ), H4 Potential for Bearish Continuation Type: Bearish Continuation Resistance: 1830.5 Pivot: 1945.0 Support: 1759.5 Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly...
Palladium - Intraday - We look to Sell at 1889.8 (stop at 1914.2) Bespoke resistance is located at 1890. Our short term bias remains negative. Preferred trade is to sell into rallies. Our profit targets will be 1828.7 and 1818.7 Resistance: 1870 / 1890 / 1915 Support: 1850 / 1825 / 1795 Risk Disclaimer The trade ideas beyond this page are for...
Title: Palladium Futures ( PA1! ), H4 Potential for Bearish Continuation Type: Bearish Continuation Resistance: 1978.0 Pivot: 1759.5 Support: 1830.5 Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly...
Title: Palladium Futures ( PA1! ), H4 Potential for Bearish Continuation Type: Bearish Continuation Resistance: 1978.0 Pivot: 1759.5 Support: 1830.5 Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly...
Title: Palladium Futures ( PA1!), H4 Potential for Bearish Continuation Type: Bearish Continuation Resistance: 1978.0 Pivot: 1759.5 Support: 1830.5 Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly head...