Palladium Down !
Hi everyone;
Did you see Palladium monthly chart?
Palladium price is forming a rising wedge.
Till now, five subwaves were counted, I expect additional two subwaves to come before the wedge complete.
Why?
It's a natural behavior to corrective waves to unfold in seven subwaves.
Also look at PPO Indicator ( Percentage Price Oscillator), it forms a contracted triangle with lower highs and higher lows, this indicates that as soon as the triangle break, the next move will be strong.
As soon as the rising wedge complete, Palladium Price will decline.
This is not a good time to buy Palladium.
Did you see Palladium monthly chart?
Palladium price is forming a rising wedge.
Till now, five subwaves were counted, I expect additional two subwaves to come before the wedge complete.
Why?
It's a natural behavior to corrective waves to unfold in seven subwaves.
Also look at PPO Indicator ( Percentage Price Oscillator), it forms a contracted triangle with lower highs and higher lows, this indicates that as soon as the triangle break, the next move will be strong.
As soon as the rising wedge complete, Palladium Price will decline.
This is not a good time to buy Palladium.
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