PA1! trade ideas
Palladium futures ( PA1!) - stay short Palladium futures (PA1!) is in B wave correction as mentioned in last updates, but it is extending B wave in complex wxy correction where abc of y in B wave is in progress. so stay short (dump) near 2240-2260 zone with stops above 2350 for C wave down of (Y) wave. The target zone will be 2060-2000 zone.
Palladium futures (PA1!) - stay short Palladium futures (PA1!) is in B wave of Y wave down after A wave ended in impulse down as expected in previous updates. So wait for abc correction to end the B wave near 2250-2300 zone then short with stops above 2350 for target below 2100 or lower as C of Y wave.
Palladium futures (PA1!) - stay short Palladium futures (PA1!) is in WXY correction, where X wave was triple zigzag and has been finished. Wave Y is in progress as ABC zigzag, where A impulse down seems in progress. so stay in pull back only (if occur) with stops above 2286 as stops for target of huge down. if you found no entry then go one more try in B wave correction for C wave down of target zone for 2040.
Rand-Palladium Price - Rinse & Repeat? The Rand-Palladium Price has caught my attention as a potential breakout from the year-to-date consolidation. This setup is similar to the August 2018 and 2019 period that lead to a ~68% and ~79% runs respectively.
While markets don't repeat, they do rhyme and with the price action being this strong, we have the potential for another move on the upside over the longer term.
Palladium Futures break out of sym triangle bullishly!Hello Traders!
After over 3 long months of movement within a symmetrical triangle, the price of palladium futures has finally broken out bullishly. The 50 SMA will soon cross over the 200 SMA, as well as the 100 SMA. The MACD seems mildly optimistic and the RSI is a bit away from oversold. In the nearer future, nothing stands against a continuation of the short-term price corridor in July/beginning of August.
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