PD1! trade ideas
PALLADIUM - Potential Bullish Reversal!Hello TradingView Family, this is Richard, if you like the idea, do not forget to support with a like or/and comment.
PA1! is sitting around a strong support area and round number 2000.0 so we will be looking for buy setups on lower timeframes.
on H4: PA1! is forming a wedge pattern in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated , PA1! would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Palladium: Loooks like a good time to rise.Reasons why I think this may well happen:
1. On the daily chart c=.62 x a (a fairly common event)
2. On the 2 hour chart .c=.a (a fairly common event)
3. On the weekly chart price is almost to the midline of the channel
4. On the weekly chart we have a positive reversal on the RSI.
5. On the daily chart we have positive reversal on the RSI followed by a bullish divergence.
Does this mean that for sure price will rise? No It means to me that there is a good chance it will. SO it is a good time to follow closely and watch for price action to confirm and also to give you a stop if it it reverses if you go long.
As Always: Process your way.
PALL is a stock which moves with Paltinum futures. If interested look it up.
PALLADIUM - Wait For It!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Palladium is approaching around a support zone in green so we will be looking for buy setups.
on H4: Palladium formed a valid trendline in orange but it is not ready to go yet.
Before we buy, we want the buyers to prove that they are taking over again.
Trigger => Waiting for a momentum candle close above the last swing high in gray to buy.
Meanwhile, until the buy is activated, Palladium would be overall bearish can still trade lower till 2500 before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Palladium: 9 wave triangle.Many contracting triangles have 5 waves: a-b-c-d-e. Occasionally the 5th wave will itself be made up of 5 waves which gives a total of 9 waves: a-b-c-d-e-f-g-h-i. That is what I favor is happening currently with palladium futures. If correct we should see a up swing soon.
Process your way.
PALL is a stock that can be used to trade palladium if you do not trade futures.
PALLADIUM - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow.
PA1! is sitting around the round number 2900 so we will be looking for sell setups on lower timeframes.
on M30: PA1! formed a valid trendline in red but it is not ready to go yet.
Before we sell, we want the sellers to prove that they are taking over again.
You don't want to sell a bullish market right?
Trigger => Waiting for a momentum candle close below the last swing low (in gray) to sell.
Until the sell is activated, PA1! would be overall bullish and can still trade higher till the 3000
and of course, as it approaches the lower green support 2500, we will be looking for trend-following buy setups.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Commodities - Palladium watch for ShortIdea for Palladium:
- 2 Potential short swing trades coming up with good R/R.
- Currently bullish Trend, bearish Trade.
- Can make Trend Ascending Triangle and breakout, or Rising Wedge reversal with a local Head and Shoulders.
- I am looking to short the re-test of the breakout to the downside.
GLHF
- DPT
Traditional|PA1!|LongLong PA1!
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone.
The idea is to work out the resistance level .
* Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author.
+ Maybe right now we will go even lower, then it's okay, the idea is not activated and simply canceled.
+ ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
Blue zones - activation zones.
Green zones - take zones.
Red zone - stop zone.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Orange arrow - the direction of take.
The red arrow - the direction of the stop.
SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take.
P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
Traditional|PA1!|Long and shortLong and short PA1!
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone.
Working out the support and resistance levels of the consolidation zone.
* Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author.
+ ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
The breakdown of the upper blue zone - long.
Breakdown of the lower blue zone - short.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Blue zones - activation zones.
Green zone - take zone.
Red zone - stop zone.
Orange arrows indicate the direction of the take.
Red arrows indicate the direction of the stop.
Priority - The value of the priority parameter implies the author's subjective opinion about the more likely activation zone on this idea, this does not mean that this idea will be 80% activated by this parameter, the purpose of the parameter is to provide for the risk of the inverse of the zone parameter.
Example: "Priority Long: So the author inclines more in the direction of the activation zone open long trades, in this case, when reaching the activation zone in short you should be very careful, because this area may be highly likely to be punched about the breakdown/do not get to take/activate transaction from go to stop."
Please consider this parameter if you use my ideas.
SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take.
P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
Traditional|PA1!|Long and shortLong and short PA1!
Activation of the transaction only when the blue zone is fixed/broken.
Testing the support and resistance levels of the consolidation channel.
* Possible closing of a trade before reaching the take zone.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
The breakdown of the upper blue zone - long.
Breakdown of the lower blue zone - short.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Blue zones - activation zones.
Green zone - take zone.
Red zone - stop zone (S-SL short stop, L-SL long stop).
Orange arrows indicate the direction of the take.
Red arrows indicate the direction of the stop.
Palladium Future's Quarterly Line Break ChartWhat's next for this precious metal leader? Been in a line break defined uptrend since turn around in 2008 and confirmed in Q1 2010.
Palladium Update: Possible upswing soon. On the previous post on 8/4/20 I also suggested an upswing soon as the ".4" point was approaching.(see link below). But after the rise there has been a stall which may be soon over. So watch for signs of reversal. If this count is correct the next upswing could be a hefty one.
I don't trade futures. Other possibilities to trade this include PPLT, and mining stock IMPUY
Zacks
Impala Platinum Holdings Limited is in the business of mining, refining and the marketing of platinum group metals, especially platinum, as well as nickel, copper and cobalt. Implats is also involved in the secondary sourcing of material through Impala Refining Services which enables it to capitalise on the group's competitive advantages in processing and refining. The group's operations on the Bushveld Complex in South Africa (Impala Platinum, Marula Platinum, the Leeuwkop project and Two Rivers) and the Great Dyke in Zimbabwe (Zimplats and Mimosa) give it a significant base of attributable reserve and resource ounces of platinum. Implats also has investments in Aquarius Platinum Limited and its subsidiary Aquarius Platinum (South Africa) Limited which have PGM operations in southern Africa. There are also offshore exploration projects in Botswana, Mozambique, Madagascar and Canada.
Palladium futures - PA1! - Elliottwave analysis Palladium futures - PA1! - It is in simple ABC zigzag cycle, where A and B waves are already finished. Sell for C wave down with stops above 2415.25 near 2400 level for target below 2300 as medium odd trade set up.
Give thumbs up if you really like the trade idea.
PA1! - Palladium futures - Elliottwave analysis Welcome guys,
CycleWave is the top author sharing trade ideas based on EW analysis since last five months on the global stocks, currency pairs, cryptos, future indices and commodities. You can follow us to get more trade ideas/analysis.
PA1! - Palladium futures - It is in B wave as either triangle or it may extend the correction in more complex way. but it is definately sell set up once it completed the B wave. So stay bearish for C wave down. If price crosses above 2370 then B wave will extend correction higher, otherwise triangle confirmed and price will fall down directly to C wave.
Give thumbs up if you really like the trade idea.
PA1! - Palladium futures - Elliott wave analysis - sell set upWelcome guys,
CycleWave is the top author sharing trade ideas based on EW analysis since last five months on the global stocks, currency pairs, cryptos, future indices and commodities. You can follow us to get more trade ideas/analysis.
PA1! - Palladium futures - The drop seems in impulse wave A down and correcting up in B wave as double zigzag up. Sell it near the 2400-2440 zone for C wave down. In 4 hr time frame it is in sideway correction. Keep eye on the zone mentioned to sell it.
Give thumbs up if you really like the trade idea.
PA1! - Palladium futures - Elliott wave analysis - Buy - wait Welcome guys,
CycleWave is the top author sharing trade ideas based on EW analysis since last five months on the global stocks, currency pairs, cryptos, future indices and commodities. You can follow us to get more trade ideas/analysis.
PA1! - Palladium futures - It is in ABC zigzag up move in 2 hr time frame, while choppy in 8 hr time frame. The current price is in B wave down, so wait for more pull back up to 2300-2280 zone. where it turns bullish again for C wave up.
Give thumbs up if you really like the trade idea.
