Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
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...
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
Pattern: Rectangle on 1W. Signal: Bullish once it approaches the 1W Support Zone. Target: 1600 (right below the 1W Resistance Zone).
Lots of momentum lately for palladium... time to complete the bigger structure. I am seeing downside on palladium to complete the expanding flat formation before completing the bigger structure(1,2,3 formation) for more upside. Let me know what you think. Every insight is appreciated ! Thank you !!! VERY long term: Very bullish...
Once $1500 on the September futures breaks, I expect a quick and decisive fall to $1300. Additional things I see which makes this a high conviction trade: 1.) Seasonal pattern for XPDUSD is usually weak in mid-July until mid-August/early-September 2.) $1500 was a major breaking point in March as well. Once prices broke that level, the selling came in swiftly. 3.)...
Hi there. Price is moving impulsively as expected. Wait for the price to complete the continuation pattern that its forming and watch strong price action for sell.
Hi there. Price is forming a reversal pattern to change its direction. Wait for the price to test the previous high and watch strong price action for sell.
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...
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
palladium possible bottom? it had a great run and now its correcting. maybe its found a bottom and gonna go up a bit. Who knows.
Bears in Hibernation ! If the trendline is held we can see a bounce at 1,500 If we lose 1,500, its time to take profit on longs if anyone has and look for good short opportunity
Good weekend everyone, lets look at Palladium, a metal similar to platinum and very used on eletromechanics system like relays, also used on OIL industry as a catalyst. This metal has been on a very long term rally upside that never seens to stop, but, nothing go up or down forever. This week candle closed as a bearish pin bar and as we can see the volume is...
XPDUSD Palladium long swing trade setup based on pullback to .618 to .786 fib zone. We may get a bounce here off S1 where price is stalling or possible move further to S2 and S3. My entry long at S1 1553.529 today with a SL at S3 1513.582 and TP at R2 1608.117. Not financial advice.
It is no secret that Palladium is one of the biggest winner of the last 3 years. It's long term chart shows that there is even great upside potential. During 1996 - 2001 Palladium made a +879% rise before it consolidated for more than a decade. Palladium investors eye a similar pattern. The strongest reason behind this is the Palladium-to-Gold ratio. In 2000/2001...
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
XPDUSD is trading on a long term 1W Channel Up that has reached overbought levels (RSI = 83.871, STOCHRSI = 100.000, ADX = 94.173, Williams = -4.387). If the 1D RSI hits 79.00 - 80.00, we will go short with TP = 1,448. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.