One of the best spot of 2022 already here AND commodities updateFirst this idea is attached to another idea I've posted last year, you can find it attached to this one and it explain all the pattern we are working here: the Wyckoff Reaccumulation on Copper (HG1!). So you will find here, my entry, my plan for this trade and the update about the related idea. I will also do an update about the materials market, expectations and targets in form of a thread in comment so don't forget to follow the idea to see it.
So first the update of the related idea. I said for the end of the Wyckoff reaccumulation pattern that I didn't expect a spring, and my poisition about it is always the same. It will be interesting to see if buying volumes continues to grow, but if it's the case it will be the confirmation of that statement. For the moment, I think we are targeting the resistance area and an SOS to see if we could expect the confirmation of the global pattern and so a bullish continuation. I also said that I will aim for an entry on the retest of the creek. Retest happened exactly on the January 6th for the bottom and I didn't find interesting setup to entry on it, so that why I waited a little to find a setup that could satisfied my interest:
We can see on chart two channel, which have already both gave their target (a is the base support, b is the resistance, c is the target). What interest me here is the reaction on the pullback of (b) resistances of each one. Pullback on (2b) is a perfect V-Turn and pullback on (1b) is an accumulation (I would have preferred if it was an U-Turn but we have an akward double bottom in it).
The structure in volume in this accumulation range is good, we have nice exhaust volume before, buying volumes are bigger than selling volumes (that what we want in a range and also when volumes are impacted by sessions to read them, typically on hourly timeframe) and to finish we have a nice breakout with buying volumes so the setup is completed.
Now in term of plan, in a question of regularity in profitability, I'm looking for a ratio of 2:1 which bring us in the resistance area (which is good with our plan of Wyckoff pattern which expect an SOS around here). Exception here, because of the Wyckoff Reaccumulation pattern I don't expect a full target, but only around 40%, then 20% on the first SOS and to finish (if the SOS setup is convincing of course, else it will be out before) last 40% on the 1st objective of the Wyckoff pattern around $5.688 .
It's really important to take multiple profit when you are on long term timeframe. The more you are on market the more there is risk to see change in patterns, in dynamic macroeconomic ... And so, less your probability of success is high. So take profit, fix targets/price and don't be afraid to take profit at the top, don't wait market to fall back.
Else, secure your earnings, you can't lose money on winning trade! That why for my trades, I'm mostly breakeven at 1:1 ratio.
Another time, I invite you to check the first idea I posted, attached to this one.
Now I think we made the turn for copper, if you have questions be free to ask me in comments.
I will now update the idea with other commodities perspectives. I will comment only those where I have identify patterns in my strategy with area to target for entry.
I think metals assets will be one of the key of 2022, most of charts are well oriented to see bullish progression, macro-economically it is also oriented in that way.
Palladium
Palladium is crazy!!!Palladium gained 40 percent this week! A high amount of Palladium comes from russia, that means the amount that can be sold is falling dramatically, good for the price!
Palladium formed a crazy parabolic curve and even broke above main resistance! Palladium needs a healthy correcture! I think a retest of 3k will happen in the next few days, the volatility is very high, but falling in the short term. Also 3.4k is a very strong resistance!
buy: around 3k
take profit 3.4k
stopp loss 2.950k
A always this is no financial advise! Do your own research!
Have a nice and profitable Monday!
Palladium - Short!Alternate View to the Previous Chart -->
Palladium - Weekly Chart - Correction wave C is expected to drag the price up to the $1370.00 range. TVC:PALLADIUM CURRENCYCOM:PALLADIUM CAPITALCOM:PALLADIUM OANDA:XPDUSD NYMEX:PA1! FX_IDC:XPDUSD PEPPERSTONE:XPDUSD EASYMARKETS:XPDUSD FX_IDC:XPDUSDG
given chart invalid if price exceeds 2698.61 in the short term.
Educational Purpose Only! Do Analys before taking a position!!!
PALLADIUM MNT: 300% GAINS TP 10 000 USD (NEW)(SL/TP)Why get subbed to me on Tradingview?
-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates
🎁Please hit the like button and
🎁Leave a comment to support our team!
PALLADIUM MNT: 300% GAINS TP 10 000 USD (NEW)(SL/TP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: PALLADIUM MNT chart review
::: chart is LOG SCALE
::: commodity super cycle in progress
::: 5 waves bullish sequence in progress
::: Price target in 2022 is 8 000 - 10 000 USD
::: global inflation driving prices
::: supply shortages / critical levels
::: supply chain disruptions driving prices
::: geopolitics triggering vertical market
::: recommend to BUY/HOLD BUY DIPS
::: 12/24 months as global economy
::: this is a long-term bullish market
::: BULLISH CYCLE is ON BUY DIPS
::: BUY/HOLD get paid / swing trade setup
::: BUY ANY DIPS / final TP BULLS is 10000 USD
::: 300% upside from current market price
::: WAIT for dips and reload (BULLS)
::: recommend to BUY/HOLD
::: recommended strategy: BUY/HOLD
::: bullish super cycle in coffee market
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 2500USD fresh demand zone
::: 10000USD fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS / MORE GAINS
::: Sentiment outlook mid-term: BULLS / SUPER CYCLE
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
DXY on Breakout Watch at the 618 - DXY Breakout = BTC BreakdownDXY on Breakout Watch at the 618 -
DXY Breakout = BTC Breakdown
Gold on breakout watch as well at the 618. Moving some crypto to PAXG
S&P Possible bull trap - VXX and selling VXX Weekly covered calls has paid well since covid
______________________________________________________________________________________________________________________
This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
SPX500 ES S&P Bull Trap - Daily 20/200ema Bear CrossoverSPX500 ES S&P Bull Trap - Daily 2-/200ema Xover
______________________________________________________________________________________________________________________
This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
PALLADIUM THE WHITE KINGAMEX:SPPP 80% of Palladium comes from two main countries like South Africa and Russia. Since Dec 16th, 2021 Palladium has grown 68% in 72 days, less than 3 months. Palladium prices will potentially increase due to the supply pressures of palladium not moving from Russia due to the tougher sanctions stemming from the Ukrainian invasion. Roughly 50% of the worlds Palladium is produced in Russia. Banks, businesses and other countries will not be able to buy or do business with Russia, therefor causing palladium to potentially surge and breakout in my opinion due to the high demand of 8 million ounces the world needs every year.
Palladium is currently at $2,364 per ounce--In any given general year approximately 10 million ounces of supply are provided a year for palladium. 7 million come from mines from two main countries like South Africa and Russia. The other 3 million come from recyclable palladium.
"In 2000, both Russian and South Africa failed in suppling palladium which resulted in palladium increasing from around $200/oz to over $1,000/oz within a few
months." So I can imagine based on the current economic situation how Palladium will perform in the future considering higher and multiple interest rate hikes, covid, inflation over 7%, War in Ukraine and World Wide market corrections, crashes and meltdowns as just a few examples of the abundant variables that could make palladium the contrarian investment to watch for 2022.
2020 was just the beginning in my opinion for palladium prices to start breaking out. In 2020 alone, platinum prices have climbed more than 90% (for the period 3/20/2020 to 3/26/2021) according to Sprott special reports and charts which I have personally observed.
I have taken a position in the closed ended ETF by Sprott ticker symbol SPPP and will be increasing my position as I see fit as a long term investment and not as a trading asset.
Thank You,
CryptobuzzAnalyst-Contrarian Investor and Trader
PS. This information should not be construed as trading or investment advice. This is only for entertainment and educational purposes. You should perform your own diligent research and be responsible for your own actions.
Palladium: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Palladium.
The chart is self-explanatory. Palladium Price has been moving up a Rising Channel recently but the overall trend looks like a Bearish Divergence. Since the RSI was recently supported by a support line, the price has the chance to keep moving higher, however if the price breaks down from the Rising channel, it may come down to the 0.618 Fibonacci Retracement level where the measured move is as well as that area being a strong Support and Resistance zone. If price moves up from the rising channel, expect it to be met with resistance at the multi-year resistance line.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Gold Verging On A Breakout!Gold has made good progress this month, forming a strong bullish candle despite
being in an area of consolidation.
Price ultimately needs to break above the August 2020 all-time high at $2075,
but there is another resistance level in the way at $1920 from the September 2011 high.
This month’s candle pushed above this level, but the sellers have pushed price back below.
If February closes below $1920, then this will be a confirmed fake breakout, and as we
have one trading day to go for February, this seems likely.
Gold is an asset that requires plenty of patience, and those holding Gold long-term would
not have seen any progress in their investment since September 2011.
The main thing is that when Gold trends, it usually lasts several years and produces good
profit over time. This increases if you are compounding along the way, something which
we ensure our members are doing to maximise profit.
We will watch Gold closely and take advantage of any trends should price break above
the all-time high.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
Palladium - Incoming Wave 2 Correction - Short!Palladium completed its wave 1... Short-term Correction wave 2 is expected to drag the price up to the 1965.00 range.
given chart invalid if price exceeds 2698.61 in the short term. TVC:PALLADIUM CURRENCYCOM:PALLADIUM CAPITALCOM:PALLADIUM OANDA:XPDUSD NYMEX:PA1!
Educational Purpose Only! Do Analys before taking a position!!!
PALLADIUM - Short PositionPalladium slipped 4.6% to $2,252.68 per ounce, after fears of supply disruption due to the Russia-Ukraine conflict drove it to a two-week high on Monday.
SPPP boom on the horizon? Here's a potential catalyst...Thesis: Russia/Ukraine tensions threaten to disrupt the global supply of Palladium- a precious metal used to produce semiconductor chips. Small chip producers, particularly in smaller countries like Taiwan, companies may not be able to get their hands on enough supply. Palladium prices may increase if that happens....Plus, from a TA perspective...check out the perfect inverse head-and-shoulders. This looks like a strong buy, and I'm hunting for a few more diversified bets to (hopefully) seize this opportunity.
May the profits be with us all.
Bullish on PalladiumWhy am I long on Palladium?
- The majority of palladium supply comes from Russia and Ukraine, and with current economic conditions, a supply shortage (aka price increase) is likely.
-Inflation is out of control in. When almost every other country's currency bleeds against the US dollar, this is not a good sign. Precious metals to the moon!
- A bounce off the long term upward trend line is pretty bullish and shows that although the current price seems high, there could be a lot more upside ahead.
Palladium - a small short before the move higherPalladium has just provided three reasons why I will look for a retracement before looking for the long.
1. Market has reached a trend line connecting tops - 9 month span
2. Market has hit the 1.272 from high 18th Nov (double top) - low 31th Dec - the 1.272 is the pink line. Note: We need to take in to account the larger swing from Dec15 - present.
3. Market has hit the 618 of the last big swing from high May 21 - 31 Jan - the black line is the 618
From here we look for a pullback to the 382 that happens to be a strong support zone - light blue line
After the pull back we go LONG with an ABCD pattern and the top of our range box to reach our target.
Palladium - Still not too late exit Buy- Reversal in progress Palladium - Still not too late exit Buy- Reversal in progress. Keep tune up for the next update.. watch out for the reversal.
PALLADIUM DAILY BUY SET UPHi TRADERS this is my trade set up for PALLADIUM for the new week ahead
PALLADIUM I am expecting a break above the 22066.50 level , so I am only looking for a buy trade after this break out
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
please like comment and follow
PALLADIUM (XPDUSD) Breakout !!PALLADIUM (XPDUSD) has given a breakout from falling trendline and is sustaining above it.
We are expecting bulls to continue their attack and break all minor resistance. A buy on dip stance should be adopted with calculated risk one can ride the uptrend.
Trade your levels accordingly.
PALLADIUM- Updated chart (Price at resistance)XPD/USD bears aim for 50-DMA during four-day downtrend
NEWS | 1/3/2022 5:34:27 AM GMT | By Anil Panchal
Share on Twitter Share on Facebook Share on Linkedin
Palladium stays pressured around intraday low, keeps pullback from five-month-old resistance line.
50-DMA, 23.6% Fibonacci retracement level limits immediate downside.
11-week-old horizontal line adds to the upside filters.
RSI retreat, failures to cross immediate hurdle signal for the downside.
Palladium (XPD/USD) fades bounce off intraday low, down 0.12% on a day around $1,919 during early Monday.
The precious metal rose to the highest since November 22 before stepping back from a five-month-long descending resistance line during the last week.
The pullback moves do gain support from the RSI retreat, which in turn directs the sellers towards a convergence of 50-DMA and 23.6% Fibonacci retracement of May-December south-run, near $1,885.
It’s worth noting that September’s low surrounding $1,849 may offer an intermediate halt during the quote’s downside past $1,885 before the bears can aim for the $1,800 threshold.
Meanwhile, recovery moves need to cross the stated resistance line, around $1,965 at the latest, to recall the buyers.
Even so, the $2,000 psychological magnet and tops marked during October-November, near $2,180, will be tough resistances to cross for the XPD/USD bulls before retaking the controls.
Our chart worked really well again. Take a look:
One Love,
the FXPROFESSOR
when this ratio breaks down, I hope you own some platinumZoom in on the weekly palladium/platinum ratio.
When this drops, it means platinum is outperforming palladium.
In July 2001, that top on the ratio broke down, and gold and platinum both did 400% (4x) in 6 years.
This is a very important chart that many are missing.