PA short opportunity in the correction
Updated
Palladium just had a monster bull run and is in a correction.
Looks to me like PA is in C wave of an ABC correction. It crossed below the 50dma and is retesting that as we speak. 50% retrace of the first impulse in the C-wave is $1360.
Enter short at $1360, SL $1365, TP $1181-$1260
Looks to me like PA is in C wave of an ABC correction. It crossed below the 50dma and is retesting that as we speak. 50% retrace of the first impulse in the C-wave is $1360.
Enter short at $1360, SL $1365, TP $1181-$1260
Trade closed: stop reached
Stop was too tight but would be in the money if you shorted it now. If you're still in the I would move stop up to BEDisclaimer
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