Long Term View on PalladiumHere we have a potential reversal zone for Palladium. We have a couple of indications: MACD and RSI at oversold conditions as well as noticeable divergence on both. Good luck everyone.
PALLADIUM trade ideas
""An entry that may Triple your account"" Element 46 My fellow traders,
This evening, I post my insight for two reasons.First, you may notice what thing is reaching 16 years highest.Then, you will recognize my analysis and get huge profit.
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The element 46, Palladium is reaching high price zone now and can open SELL position from now. In 2001, the price reached 1100 zone and drop sharply as shown in chart and now the same situation is happening and you can trigger SELL positions and can make your trading account triple in 3 months.Forex is just zero-sum market and a lot of money are in the price pool of Palladium. Time to sell !!!
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Good luck to all traders.
Sieg Heil !!!
Palladium, Weekly: Short, alternate bat patternCompletion of alternate bearish bat pattern. Price action in potential reversal zone looks bearish with the potential formation of a dark cloud cover pattern.
Loss1% loss. Trade looked good with break of trend line and rejection on 61.8 fibonacci retracement. Emas on 1 h and 4h was above maybe thats why it didn't go as planned.
In wave number 5I think we are in the wave number 5 in the daily chart. Probably we will go up to 980-990 range and then A, B, C correction and beggining of downtrend. I am just a begginer, do not follow what I think, I just wanted to know your thoughts.
Thanks!
Short Now ( Huge Profits ) Time Frame is 4 hours, and the higher the time frame, the higher the impact, and here there will be a lot of sales. A lot of bears are trying to take control of the price here and they are trying to decrease it. Price reached the 994.01$ resistance zone and now went down, and we can red candlesticks forming.
Palladium - 60 - Short - Trend AnalysisPlease do not trade based on my ideas. I am a novice and post for interest's sake only.
Palladium closed below a steep upward trendline on Friday at the hourly. Daily and weekly the trend is still upwards, however it has kissed a resistance line again at about 1,000.
I also note a divergence in volume suggesting the upward trend may be coming to an end. (I'm still learning this one please correct me if I am wrong).
I note that the peak this week was lower than the previous high.
It seems crazy to short palladium, but a trend must end somewhere.... This feels risky. Small trade and short stop for me. Wish me goodluck :)
SH
Palladium, Short term, Long Target $1050 US/ozPalladium has been in a nice long up trend now for 18 months+. It has outperformed all precious metals and is hovering around the same price as platinum. I think this rally still has another leg or two to go before we start to see the eventual decline. It has to be noted what palladium is used for to understand why it may decline in price. This year there has been a deficit, causing prices to rise, however it was used as an alternative to platinum in catalytic converters, now platinum is cheaper so manufacturers 'could' change back to save money. In terms of technical analysis, i am currently aiming for $1000 before the year is over, i think that $905 is a good support since long term that was the high of 2014. i break below that level the next target would be $835. breaking below the 100/200 SMA, from there onward we could see a further decline. But currently my target would be $1000 a close above this level, my next target would be $1050 then $1100. Palladium is a very volatile metal and can move quickly and big!
XPDUSD:Bearish Bat Pattern and Double TopThe price is moving along the upward channel and it has hit the historical high point.But the the market cannot break out the previous high.
A bearish bearish Bat pattern has completed already at 904 level.
Meanwhile a mini Double top also completed at this level.
So it is a good to sell at 908-915 levels when the market gives the chance.
SL: above 915
TP1: 870
TP2: 850
TP3: 810 and further more
