After completing the three impulse waves (1, 3, 5) upward, Palladium futures entered a steep downward correction, reaching the final Fibonacci level (76.4%). It appears that the price is now forming the first green daily candle in a long time. With an upward-pointing elliptical trendline, this could mark the low. We’ll need to wait for confirmation in the coming trading days. Additionally, Palladium’s bullish seasonality is set to begin soon, suggesting a potentially strong end to the year. Let’s see how it unfolds!
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.