reason: market structure fair value gaps break of structure
Are we on the cusp of an epic 8 year run for #silver and #palladium? I'll let this chart help you make up your mind...
Initiated a trade yesterday evening, albeit slightly delayed, upon recognizing an upward continuation trend. Confirmation from both MACD and STOCH indicators. Employed a 35 TICK stop loss and a 178 TICK take profit. Closed the position this morning at 9:30 AM. Best wishes to all fellow traders! Entry: 919.0 Stop Loss: 915.5 Take Profit: 936.8
If you are wondering why #Palladium is bouncing... A bounce does not imply an immediate trend reversal
We currently locate the platinum price in the green wave (b). As soon as this low has been placed little further down the chart, we expect another major detour with green waves X and Y before we can consider the important low of the blue wave (b) to be completed. Please note our alternative: If the price falls directly below the support at $843.10 (40% likely), we...
Platinum has been one of the worst performing metals. However, it presents a compelling opportunity for upside should the Fed ultimately deliver rate cuts. Based on daily fibonacci patterns, it is holding support at the 61.8% percent lines. And, it is holding weekly, daily, and hourly support. Today, Monday, Feb 5th, does present a unique opportunity to get in...
A curious spread has opened on Platinum with a volume of 1000 contracts. If you are familiar with the subject, you will realize that an Insider has entered the market. Such deals only appear once or twice a year. Don't miss it! Spread Expiration - Oct 18, 2024. !!!!!!Get a Better Trade Ideas with Us!!!!!!
The technical side aligns well, Volume is going up. CCI divergence is strong. Huge potential upwards, especially long term 10 years. Since the price is very low. I mean, the production costs of palladium are around this level Palladium ETF better than CFD instrument if you want to capture the full potential. Said that. This week is full of data, with CPI on...
With rate cut questions fueled by the West's bumbling towards another Mid-East war, palladium bears have returned the recent pump to sender with a vengeance. Factor in more EVs and the future for the PGMs looks bleak, right? But a closer look suggests not is all as it seems for these precious metals with their unique properties. A recent Reuters article from...
/Palladium is the best commodity in town, in an ever rising trend since inception and with another 8/10 years to go...
Palladium is one of the most clearly bullish commods in a secular bull market... could see around 1k if current support goes (which seems likely at the moment)...
They say only deaths and taxes are certain, and yet palladium's recent pump and dump has been so clockwork it puts German trains to shame. They also say markets never travel in straight lines, but clearly they haven't traded palladium which has now retraced all the way back to where it pumped from. On the 4 hourly chart, the precious metal has been swimming with...
After a fantastic pump, the profit taking dump has been relentlessly orderly and is now at a crossroads. Currently bouncing off the .786 Fib, will we see a bullish trend emerge with a higher monthly high, or will demand continue to lag and its bear channel resume? One thing that may be worth considering here is palladium's importance in hydrogen energy production....
Palladium is heading a little further downwards: the price is now drilling deeper and deeper into our turquoise Target Zone (coordinates: $1092 - $997). We expect that the low of wave B in turquoise will be deposited within this price range and that the trend reversal to the north will then succeed, which should subsequently bring us the price increases in wave C...
Palladium had been in a bearish channel for some time, but after a double bottom it's gone W in a big way. That way has been nearly vertical but is now looks exhausted. Having been rejected from the 1.618 Fib, profit taking will be next as everyone gets ready to race for the door. Looking closer on the 4H chart, the 50MA is about to cross up over the 200, which is...
SInce April, we've seen the price on a strong decline from $1,143 down to $843. It then reached a low and has consolidated around forming a Triple Bottom. The price has broken above the downtrend along with the neckline of the pattern. This means, we are ina bull market. But hold up. There are two ways this can go. EIther the market continues to...
I couldn't resist sharing this, out of all 12+ of my overlays this one with Mort Diggidys Renako Overlay ATR Green/Red indicator works the best. Look how it colors allo the candles green to indicate we go up. This is a 3 day chart, so 18 days of buying according to mr Renko.
I discovered that PL a precious metal had fallen 100 points and nobody noticed. I posted it as a buy 3 times and teach time it went up 30-50 points 30 points. I didn't watch it for a while, and it had a trading life all on it's own. Now i se it as a huge bargain again.