PALLADIUM trade ideas
[PALLADIUM] SHORT TRADEHi traders,
we will see palladium 1600 dolars.
divergence in week and we have nice pull in daily.
Juanma
Palladium Slowing Down at $2,000!If price can climb another 60 points and go beyond the $2,000 mark then it would be creating new
record highs for this commodity, which in 2016 was only priced as low as $454.
It has travelled some way since then to where it is now and that journey has not been the smoothest.
After the smooth linear trend from August 2018 to March 2019, price took a turn and went
into consolidation. The sideways movement continued like that for 6 months before the trend resumed.
What traders have to realise is that a period of consolidation does not write off a trade and
quite often just indicates exhaustion in the market before momentum kicks back in and we see a trend continuation.
The last pullback was held and pushed back up by the 50sma, which also pushed price through
the previous resistance at $1,823. We will have to see if that same momentum will push price
through the $2,000 psychological round number and beyond.
We will share updates if and when we see new all-time highs created.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
Palladium: 2400 before 2021; Strong Bull Throughout 2020Palladium has soared over the last little while especially, but even so, over the past 12 months.
My hypothesis has remained correct and will continue to remain correct: as long as equities are bullish, so too, will Palladium. I believe there will be a 5-10% correction sometime in Q1 of 2020 (impossible to know exactly how much), and perhaps another correction late 2020, however, i believe before the end of 2020 Palladium will reach about 2400 which I am predicting as the top for now.
The long-term future of Palladium remains strong, but with any precious metal, you can expect at-least a 30% consolidation level before the next run-up.
Long until Q1 2020
Watch for a short in Q1 2020 (for Palladium and equities)
Long from Q2 2020
Prepare for short and consolidation as 2020 ends
*Note: Chart is not 100% exact but present to show the general trend.
- zSplit
#palladium is back after friday big retrace, reaching 2000#palladium is back after friday big retrace, reaching 2000, palladium is now far beyond gold and nothing show trend stop in 2020 ...
Palladium When Does The Ride Stop?Palladium has had a massive drive up in price. Previously below platinum, it's come into it's own. The market is tightly controlled by a few major players, and possible supply interruptions helping fan the bull flame.
$2000 Rejection most likely profit taking, and an outlook over $2K imminent. I am waiting to take a short position though, as a rally like this has the potential to unwind quickly, and the upside at some point will be capped.
Key points of support sit at
$1835, $1700, then $1600 in the short term.
Will also be watching RSI for a short on any overbought rallys over $2K mark in the next few weeks. Whilst keeping an eye on news of the current supply/demand fundamentals in the case of a continued rally to future gains.
palladium near new target 2k palladium near new target 2k : price is better than arrow target so nice
In A Potential Top Zone...This has been a great run and is in the completion zone for wave 3 in a long term count, sure it can go 10-20% higher but it's probably close to done and will enter a 2-3 year down cycle...and may even take 5+ years to even break this wave 3 high.
palladium target 1900 soonpalladium is best metal in 2019 far from gold and 2020 could be delicious , 2019 end of year 1900 then 2020 , 2k ?
palladium new target : 2k is palladium enough crasy to hit 2k before end of year ... it's our new target for 2019 end and 2020 start
Short Palladium @ 1,900; TP @ 1,520, SL your choiceShort Palladium @ 1,900; TP @ 1,520, SL your choice. Small position going long term.
1900 hit , our end of year target hit now cool and relax 1900 hit , our end of year target hit now cool and relax
PALLADIUM - In the middle of next week... (?)In the middle of next week it might be possible that the yellow 5 comes to an end.
Here are 3 potential levels:
* 1911.34 is the 1.618% Fib of the yellow wave 4
* 1925.39 is the Fib Ext of the yellow waves 1 & 2
* 1939.72 is 200% of the yellow wave 1
Or just keep an eye on the upper edge of the trend channel as the last limit.
For an A B C correction, the first confirmation for falling prices would be break and close on a daily basis under the red line @ 1840
@XPDUSD@Palladium
1/ Ascending wedge
2/ Bearish divergence H1/H4/weekly
3/ Bullish extreme sentiment
What more shall we need to short it ?
"Its not a trade recommandation"
Palladium reaching for the skyWelcome fellow Tradingviewers,
This analyses is only showing you guys my vision on Palladium and should not be considered as financial advise. If you agree or find this analyses usefull dont forget to leave a Like .
With that being said, we can start analyzing one of the less known rare metals around.
We at Forallcrypto have been a fan of this metal since the beginning of 2017 and we are again at an important crossroad this week.
We have drawn a couple of lines to indicate the ATH cycles from Palladium. for those of you who don't know. Palladium is being used in the car industry to ensure that tighter regulations regarding emissions can be followed. Palladium is a metal which has a lot of benificial properties, it is highly deviseable like gold, it can be used to help store hydrogen, it conducts electricity and besides this there are a lot of properties that i am not going to mention, DYOR. This is the fundamental side of it, Palladium has known a lot of difficult years but since breaking 'the first' ATH it has been going up like there is no roof.
Lets look at the chart
Since the 2017 ATH we have almost exacty seen a 100 % increase in the price.
Since 2017 we have been breaking ATH's at a fast rate.
I can already hear the voices: 'you dont want to buy at ATH'
Lets analyse this.
The reasons for buying now:
- Palladium has overtook Gold in the list of most precious metals
- We have seen a beautiful retrace to the 50 daily moving average which is known as the confidence indicator.
- The last weekly candle has been a beautiful green candle above the last ATH indicating further upside movement.
- Palladium had been getting almost 0 media attention for the last couple of years and it breaking ATH has not been shared by the media.
- Industry applications are only getting better with China leading the way.
- Tightening regulations regarding car mufflers will only increase demand in the car industry.
- Hydrogen electricity plants are getting ready in the next 2 years
- Moving averages are very Bullish
- RSI and MACD bearish divergences can still be ignored
- Let me know in the description below
The reasons for not buying here:
- Huge increase in price
- Trading at ATH
- RSI and MACD bearish divergence
- Let me know in the description below
I hope you guys enjoyed this analyses, if you want to discuss any of the fragments let me know in the description section below. If you agree or found this analyses useful don't forget to leave a like !
Kind Regards,
Forallcrypto
