Platinum bull market will look to begin in the next 6-8 months based on past performane when this ratio breaks higher from a bullish downward pointing wedge. Once this occurs a platinum bull market usually follows. Watch with anticipation and it would be prudent to prepare for some platinum purchases in the next few months.
Palladium testing ressistance on 2050 USD. We also see asscendenting triangle. Propably move to 2150 USD after break out.
Palladium break triangle. Next stop about 1500-1600 USD, in high level support?
Possible falling wedge on XPDUSD Included a critical point which is adjacent to Fibonacci spiral Buy on breakout of wedge at critical point or earlier.
Not a lot specific believe or view behind this post, apart from technicals. Over the last few weeks we were trading inside a triangle, mostly shaped by a huge collapse early in march and recovering afterwards. We broke out of the triangle last week. Palladium tends to trade down in a weakening economy, which is where we are heading given all the recent news. We...
Not a lot specific believe or view behind this post, apart from technicals. Over the last few weeks we were trading inside a triangle, mostly shaped by a huge collapse early in march and recovering afterwards. We broke out of the triangle last week. Palladium tends to trade down in a weakening economy, which is where we are heading given all the recent news. We...
Sticking to 200MA, short term buy opportunity
Trading in middle of 1 - 1/2 Gann structure, a bullish scythe can be observed however it doesn't look that strong, do divergences continue through price lines? just curious. Clear fractal can be observed with these bearish divergences. Best to go long in this scenario, major precious metals will see large increases with global uncertainty rising.
Palladium has formed a bullflag on the 4H chart, this is looking to extend the current bull run that has produced large returns.
As a rule of thumb you shouldn't call tops or bottoms, react to change. However ima give it my best shot for fun. A bullish divergence can be seen for Palladium on the RSI, which has lead to a large bull run comparable to the initial bull run seen, will this come crashing down like the fractal predicts? I'm no Nostradamus but it would make a hell of a trendline....
Looking for further upsides once symmetrical triangle completes final downward wave, breakdown of triangle leaves us with a target at the grey EMA level, which is still very bullish above the parallel channel.
Palladium has made a strong bullish move in recent months. This may be due to global uncertainty. Palladium is near the top of the rising trend that has formed.
Palladium seems overbought , expecting a deep correction soon.
Here we can see the market is trading within a large 5 wave cycle. So far the 4th wave has an incomplete ABC corrective sequence with a pending C swing to complete. Highly recommend all those tracking Fed this week to keep an eye here as the bid expires it's time to look for a material high. This thesis implies the natural target in this C swing is 1220.xx...
Here is a textbook elliotwave chart, any pullbacks here should catch a strong bid with invalidation on the pattern coming in below 1,125, no surprises it is the top in wave 1. The underlying trend is clearly bullish and I see no reason for this trend to not continue on towards 1,850. Those who are looking for positions here, it is inside range trading time...
Palladium started its Downtrend after reaching the top of its Uptrend on June 20 @ 05:00. Now we are at our second lowest High peak of the descending channel with signs of continuous falling. Downtrend continuation will be confirmed when price falls below 1499.712 then solidifying the move once price falls below 1495.030. Both MACD and RSI show potential upside...
Palladium is one of the hardest commodities to analyse in my opinion, however its been in a uptrend since it starts, i believe its created a pullback to shoot back up to create a new all time high