PALLADIUM MASTER trade potential to 5000k

It is not the right time yet. We might be forming a nice cup and handle bullish formation. It is also the time to wait until it settles and then buy. Based on Fibbo retracement Palladium might have an potential to go up towards 5000 USD value. In order to have best R/R ration I am looking for first buying opportunities around 980-1090 area. At this time I see potential the price is moving to the lower levels but watching it for first entry point. Taking in consideration technicals, geopolitical situation and crisis in automotive industry. This could be a nice trade for years to come.