PALLADIUM trade ideas
GM and Palladium: Interesting chartWe have a sizeable spread in $GM vs $XPDUSD currently, and price is trending up strongly in daily and weekly $XPDUSD.
If price breaks into new highs here it could be flashing a strong signal for auto stocks, so I wouldn't be shocked to see $GM gain steam from there onwards.
I'm currently long $GM with 10% allocation and no stop loss, but also no leverage. Looking forward to see the outcome of earnings.
Cheers,
Ivan Labrie.
XPD/USDBroke major high. Pitchfork, seems to be at least starting an ending diagonal. look to break previous high.
Palladium Bearish Deep Crab Type 2 reaction Pattern Complete!This is a long term type 2 harmonic signal. our 38.2 Fib was hit and now the price is back to the pattern completion area. from here on we can likely expect the price to target the 61.8 fib retracement of the main swing. for the entry and exit criteria of the trade please refer to the main chart. you can take this trade short once the market opens.
CFD Palladium Pending Sell orderCFD Palladium Bearish Cypher Pattern
Potential sell Opportunity
Good luck!!!!
XPD/USD- TDI and WXY EducationNotice what price does in this corrective pattern every time the TDI indicator spikes and creates a "sharkfin" in oversold territory. See the daily divergence upon completion (even though this WXY did not measure out to equal length).
Palladium SHORTPalladium hits 161% fibo level after a strong bullish rally. We can expect some fall back towards 23% - 38% fibo if it is unable to break the resistance above 1085. Short play take profit targets 1030 - 990 and Stoploss 1095.
CFD Palladium Pending Sell OrderCFD Palladium XPDUSD
Pending Sell Order
Bearish Butterfly -Sell Trade
Good short or long opportunityLooking at the wicks where price has on the daily chart, it looks as if price has rejected that point and wants to go down. However, decides to go up and break resistance, you should expect some kind of impulse.
XPDUSD big return...XPDUSD big return. The price of palladium had built a correction channel that slowed down to 840usd. This level is probable to the bottom of the decreasing correction ABC wave structure. If our theory is correct, it may be a slightly flat but very long-lasting rise. The third wave of wave structure rising from 462usd. The target price is 1405usd.
Capitulation in palladium? Massive sell day today lands palladium at a massive LVN for the larger annual trend (7 year uptrend kicked off last year). Will wait a few days for signs, but weekly downtrend could very well fail here
I expect the slide in metals to continue Palladium showing major weakness and a drop to mid 700s is becoming increasingly likely. I am short. Palladium going lower is generally a bad signal for ALL metals ( gold -0.97% and silver -1.55% ).
Palladium - $/oz 1.030 TargetPalladium is in my opinion in a broad correction wave, within which it should now come to a price increase to $ / oz 1.030. There, in the favored scenario, the wave B could end and within the framework of the wave C with new lows up to $ / oz. 870. Alternatively, a (a) (b) (c) (d) (e) formation forms before the wave C starts.
A bullish scenario will only start at $ / oz. 1,090.
Greetings from Hannover in Lower Saxony
Stefan Bode
Palladium - waiting for wave upYou can check trade full fundamental and technical analyses in YouTube
Palladium short, H4Short term trade
Price is at daily support level
Monthly is trending bullish with strong momentum
Weekly & Daily are choppy/range with no clear trend
H4 is bearish and is over-extended from Moving Averages. Looking for a retracement (Fib 61.8%) till 1000 levels for a short entry.
Potential Trade setup: Target 1 will be 990 and Target 2 will be 980 and SL will be in 1020 levels.
