Happy days ahead with PalladiumA great buying opportunity! From 2800 , it has fallen to 1800 before moving to current price of 1914.
PALLADIUM trade ideas
expecting a bump back to 2600 before the bubble deflatesThe pattern continues, just like the top of every other bubble the rebound shows the return to normal reaching what could be misconstrued as a higher high but in fact, shows the top is most likely reached for the next couple of years.
short term long into longer term short
PALLADIUM: NEUTRALMy bias is to the downside based on a number of considerations. What do you guys think?
Palladium LongWir haben eine sehr starke Unterstützungslinie seit 2018, ausserdem ein großes Dreieck im Tageschart.
Edelmetalle sind in der Corona Krise gefallen, nun hat sich ein Ausbrechen nach oben auch in anderen Edelmetallen (wie zum Beispiel Silber diese Woche) bestätigt.
Der Commitment of Traders Report von gestern sagt aus, dass die großen Firmen, die mit dem Edelmetall arbeiten, alle groß investiert sind. Das ist geschenktes Insiderwissen - bestätigt auch das Ausbrechen nach unten. Bei Edelmetallen kann uns auch nicht die FED oder EZB einen Strich durch die Rechnung machen. Ich sehe hier alles bullish.
Ich setze den Stop Loss bei knapp unter allen Unterstützungen bei 1760 - Happy Trading!
PALLADIUM Falling Wedge IdeaPossible falling wedge on XPDUSD
Included a critical point which is adjacent to Fibonacci spiral
Buy on breakout of wedge at critical point or earlier.
Sell opportunity arises - PalladiumNot a lot specific believe or view behind this post, apart from technicals.
Over the last few weeks we were trading inside a triangle, mostly shaped by a huge collapse early in march and recovering afterwards. We broke out of the triangle last week. Palladium tends to trade down in a weakening economy, which is where we are heading given all the recent news.
We had lower highs, higher lows, then breakout of the triangle, trading down and setting now low, retesting upside now and we have some EMA's hanging, together with the falling trendline .
Wait till Palladium enter's the red zone, and sell with your own prefered SL/TP.
Trading is not about copying but about forming your own opinion.
Sell opportunity arises - PalladiumNot a lot specific believe or view behind this post, apart from technicals.
Over the last few weeks we were trading inside a triangle, mostly shaped by a huge collapse early in march and recovering afterwards. We broke out of the triangle last week. Palladium tends to trade down in a weakening economy, which is where we are heading given all the recent news.
We had lower highs, higher lows, then breakout of the triangle, trading down and setting now low, retesting upside now and we have some EMA's hanging, together with the falling trendline.
Wait till Palladium enter's the red zone, and sell with your own prefered SL/TP.
Trading is not about copying but about forming your own opinion.
Longterm watchlist candidate for PalladiumHello world,
here we have quite an interesting watchlist candidate. Palladium.
We have:
weekly trendline crossing
50 EMA uptrend crossing
weak weekly res. line
low valued RSI
decrease in momentum on the daily level
What I am waiting for:
price action on W/D
All the best,
c4ss10p314
Palladium demand destructionThanks for viewing,
Some view platinum and palladium not as investment petals for various reasons, others disagree. I prefer (in rank) 1. gold (bullish), 2, silver (neutral), platinum (bearish). Platinum makes the list because I can purchase it in small increments - while palladium was only available in a minimum of 1oz coins (which had high premiums - as coins in general do). That said, I expect platinum to also show future weakness - potentially going sub $350ish - which is okay as it is a strategic metal that is relevant to defence applications among other things. The reasons I expect weakness in demand for Platinum (currently oversupplied) are the same as for Palladium (under-supply);
Palladium has had a huge run since 2008 - peaking at 16.5x and now at 10.5x over that time period. The major driver was a supply demand mis-match caused from strong demand from auto-catalysts for petrol vehicles. All that has changed dramatically in a short period. Demand has been destroyed for new motor vehicles. Light vehicle sales were down 34.6% in March www.marklines.com and that drop will be over-shadowed by the April drop. Hopefully, these drops are short-term and will bounce back shortly - like vehicle demand in China did - although estimates vary on the time-frame. I suspect we will see near-term demand reduced from 2019 levels for all of 2020.
Medium and long term factors are both negative for those expecting internal combustion light vehicles production levels to bounce bank to new highs. The most major impact will come from an unfolding de-leveraging. For those that blame the health crisis for 100% of the economic woes, please cast your eye a few months back when we had;
- an inverted yield curve,
- downgrades of global and regional GDP growth announced by the IMF, World Bank, BOJ, ECB, Fed etc etc,
- Cautions on the level of sovereign, corporate, and household debt levels,
- Interest rates in the US repo market spiking to over 11%,
- The Fed started QE4, or what they called "definitely not QE4",
- Large investment banks were announcing they were advising their clients to sell US equities because they saw limited upside remaining,
- The US continued on its longest and weakest economic expansion in history.
My general view is that this health crisis with its associated economic contraction brought forward (and exacerbated) what was already just around the corner - a recession.
Any deleveraging event was always going to have to be more significant than 2008-9 simply because debt levels are so much greater now - while incomes have stayed flat. So this will necessarily impact on discretionary consumer demand (and availability of consumer credit) for some time.
Price targets; 1300 should provide some support, stronger support at the $1140, and $1100 levels. 1:1 extension of the recent steep drop at $1060. This level may cause a strong bounce in 6 - 12 months (depending on industrial demand pick-up) - but after that who knows. The trajectory now seems to be away from diesel vehicles, especially since the VW scandal (which hasn't yet fully unfolded to reveal just how wide-spread the massaging of emissions results among the industry as a whole). Medium to long-term, there is every possibility that Palladium's new home will be below $1100.
Protect those funds everyone
PALLADIUMthe price failed to stay above the yellow trend line.
there's a high probability that the price will fetch 1819.10.
if the price breaks with force 1819 next target 1677
if the price forcefully breaks 2026 a high probability of fetching 2189
each time the price breaks a level with force it will look for the next level
don't forget to subscribe to receive updates if you find interesting what I do
PALLADIUM Will most likely form WedgeWedge structure in the making
Looks good for buy along the Gann line
Palladium distribution zone shortTVC:PALLADIUM
#Palladium is making a distribution pattern on daily. Let's see if this trade is possible.
Long XPDUSDFirst we can see a broken symetric traingle with the retest and a Supply zone, when the price arrive to the other zone we have to wait the price action to go to Shorts.
Bubble collapse pattern plays outAs shown in the previous idea below, palladium has enetered a multi year bear market in suit with almost all other securities and equities. Beware longs.
Current bear targets at 1200 and 800$.
PALLADIUM 1D DESCENDING TRIANGLEDescending Triangles are repeatable trading chart patterns.
Descending chart patterns will have a directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of the average volume for a full position size.
b - If 75% of average volume then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
2 - Enter two trades.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
