PALLADIUM - Potential to reach next level down on FibPotential to reach next level down on Fib - retracement...
PALLADIUM trade ideas
Another 6.5% decrease in Palladium.... The exchange rate builds on a falling wave system. My hypothesis is that a double wave system may develop. In this case, the target price is 1410 usd.
Palladium PlopsI appreciate the twitching the Jag shows as it passed down across the minor lines on its way to Solid Yellow.
Except for the Green doted 'abola, the additions to the model where placed this morning 8:00 am EST. I was expecting a local bottom at the intersection of solid yellow and solid Green 1473 , 01 Apr. With an intermediate hold at 1495 as the shaded areas expose.
That white oval denotes the ambiguity of the third central point of the abola. its not hanged, it needs another foot hold. That is denoted with doted green.
came back to my screen 3:30 EST to see this. huy
Volume. hmm, yup ; that is a relevant profile. there was a story in seeking alpha, about palladium, yesterday. . . . positive note. There are other forces, out of view to me. I suppose Nickle miners .
The operating principle is sustainability, the more valuable metal the better for the world financial independence . Sovereign states, international law and all that wellness.
Might algos be charges with auto shaking stops?
Palladium: Append: Thin GreenThe model extends; Two more curves .
the Jag could crawl up cg3, out of pale yellow area.
alternatively, bounce off thin blue, on another leg down. The Pale,Thin,Red curve; is also there. Those TPRC are rooted in the top, 03 Mar 20:30 and other features of the Jag. counter hung. That variant of parabolic support is a solid addition to the method.
If so then a longer rally, Back up through Pale Green Area. crawling or bounsing on cg3. Swinging past Double Violet local trend; Reaching for o Bold Yellow.
Follow triple Violet.
Palladium Drops To SupportLast post: March 18th 2019. See chart .
Review: Price had just broken above the previous resistance level.
Update: Price is currently in a deep pullback and has found support at a previous resistance level but the overall trend is still up.
Conclusion: We have to see whether support will hold and if price can move back above the 50 simple moving average.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
4 TP levelsFor the palladium there could be a very long journey to the south. If I do not see a closing price above 1599,866 on H4 basis, then I go shortwith SL above last week's high.
1. Initial confirmation for falling prices would be Break and Close below 1541.40.
2. The second confirmation would be closing price below Tenkan on a weekly basis at 1473.7
3. The third confirmation is when the SMA 50 passes through the cloud.
Even if prices continue to rise, this setup would not be completely discarded, just postponed a bit.
XPDUSD Palladium long swing trade setupXPDUSD Palladium long swing trade setup based on pullback to .618 to .786 fib zone. We may get a bounce here off S1 where price is stalling or possible move further to S2 and S3. My entry long at S1 1553.529 today with a SL at S3 1513.582 and TP at R2 1608.117. Not financial advice.
Palladium wobbles ( model appended ) The jag fell off its 17 Mar 20:30 UTC parabolic trajectory 22 Mar 03:30. A result of relatively small volume traded.
25 Mar volume action began 3 days 15 minutes after it had eased 21 Mar 11:45 UTC. I have not seen this market behavior before.
All this has precipitated more curves. a set of Local Thin Red convex curves and local set of thing Green Concave curve.
Again the Volume is thin. Apparently on a "need to boost only" trading mode.
Notice the bounce 25 Mar 04:30 happened on the bottom of the yellow parabolic channel. The Jag has climbed out of this. barely. This is why Local Thin red set ( LTR ) is troubling. They look 'less than healthy. Yes, there are barely enough data points to hang LTR: its upper limit can be lifted by price action Tuesday 26 Mar . Its bottom limit is better hung. What will it be Rer or Green sets?
Double Violet still holds. It appears this Jag is still on that trend. Is it? whats up with the volume after 25 Mar 13:30 ? was this a "test of the market depth? by whom?
Palladium (XPD/USD), Sell near key level.Near $1566 is a great place to open Sell
- Low risk
- Price broke down a key level and many 4hour candles bounced down from that level many times
- Potential profit in 5 - 10 times bigger.
It is entry against maint trend Use low risk.
Push like to support this idea.
INVERSE Correlationsince 2013 both metals PALLADIUM and PLATINUM prices have been moving away from each other.
WILL MONEY MOVE FROM Palladium INTO Platinum?
Palladium correctingThis Jag fell off of Solid Violet.
What happened to the Volume?
( seriously, the noise was about short squeeze, whats the noise now? )
PALL STILL LONG, BUY AT 50 % retrace till SEPT HMMM russia is the lead exporter of palladium and even puts it in their currency. That sound like something i want to hold during a recession....... Interesting. Palladium backed Ethereum. At that point, no one would say no if it was actually holding value.
Palladium testing upper trend lineWith Palladiums ever increasing price, it is now reaching the top trendline within the range its been trading since August 2018. This will be an interesting point for Palladium , it's fundamentals suggest an ever increasing price for the next year but this doesn't prevent localised trending through trading. The upper trend line at ~$1600 will be a test if this Bullish momentum. Will Palladium break through and back up its Bullish momentum or will it be contained for a short while?
Note, from previous update the green channel is the trending channel from August 2018. The light blue channel and associate dashed inter-channel levels are the resent trend within the August 2018 trend.
Palladium: Turning parabolic towards 1,800?It is no secret that Palladium is on a strong long term bullish trend, and we have discussed this subject on this comparison with Gold where we estimated a target of 1,367 (see the chart below).
XPDUSD has even outperformed this target and is currently on a very interesting development where it can turn parabolic towards 1,800. Even if that doesn't materialize, the RSI shows that the target can be fulfilled either on the current 1D Channel Up (RSI = 58.312, MACD = 34.870, Highs/Lows = 0.0000) or the Higher Low support provided by the previous Channel Up.
See our previous 1,367 target on the Palladium/ Gold comparison:
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Palladium : pm ThuLocal top?
Second Green Square?
yes . no .
Jag: Thin Black to Double Purple.
Otherwise: can The Jag sustain Double Yellow ?
Palladium Breaks Out Yet AgainLast post: March 14th 2019. See chart .
Review: Price was trending well and was approaching the previous resistance level.
Update: Price has now broken out to the upside after being in the mini consolidation zone for a few weeks.
Conclusion: We will now look to enter another position to add to our other positions which are already in good profit.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Palladium Suspense or Antigravety.Modified Model. \?/
Why the change? I may have been wrong. At least in the expectation of a precipitous decline of the price "a la crypto" Ant technically: The jag broke out of the Thin Blue b curve.
Thee are many faint curves, Now about this top: these are the process. some are osculating, others are minor or inquiry. Some have past . Some are brought back: all for clarity and focus.
Modifications:
Solid Red Precipitates . That the first addition to the model . it replaces faint doted black. , Near by and faded.
Doted Orange: DBO
It has been there, but faint. Now its back, more prominent in Doted Bold Orange: DBO. The forward side of DBO is set by its root and its conformity to the rally 22 Feb 26 Feb '19
Bold Yello; BY
It is rooted in the Jan 17 '19 Local High. This horn had been there as well. Now it is brought forwards and made prominent with Bold Yellow: BY. Notice that the action is again , inside this feature.
Green Squares
The Up side is chasing Green Squares.
I think some charttist can see a "double top" forming. Particularly if it falls off of new Solid Red, and hears DBO. Or I could be a absurd surrealist.
The Up side is chasing Green Squared
Astroobserver
Palladium Not Slowing Down Just YetLast post: November 30th 2018. See chart .
Review: Price was trending well and making new all-time highs.
Update: Price continues to create new all-time highs but is currently in a period of mini consolidation.
Conclusion: We will look to enter more compounds on the next breakout.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Palladium - could retrace then top out at $2045Palladium looks to be in a wave 3 zone currently. There is a lot of momentum in this chart currently so it could dip down fast and test close to top of wave 1 area which could be a good buy zone.
