palladiumpossible continuation diamond pattern playing out into wedge. palladium and platinum both are in extreme supply shortages. price will most likely be explosive.
PALLADIUM trade ideas
Palladium - longer term bearishCalling tops in a massive uptrend has caught me out a number of times but I can't help looking at this chart and thinking that it needs another leg down to complete a correction. The massive leg down from the beginning of the year looks a clear 5 wave move to me (impulsive) while the move up from March looks corrective (to me at least). Lots of fib measurements all zeroing on at the 2600 level so lets wait and see......
Palladium USD profitable Strategy (Study)I'm showing you how my very profitable Palladium USD strategy worked out very well :)
Check out how this system nailed the perfect entry for XAU USD ( Gold ). Press play to check this Ground-breaking result!
*Richimoku ( Advanced Ichimoku Kinko Hyo with 4 Clouds! )
*Kumo Waves (Indentify divergences, trends, investor sentiment.
Know First. Act Faster. A must-have for every trader!)
*As some indicators you may come across are using the repainting mode (which consists in correcting the false signal back in time).
You'll never see such thing in the Richimoku Trading System. What's on the charts is displayed in real time, no cheating...
Send me a Message and Feel Free to test the Richimoku Trading System! I'll send you an invite. Study the chart history on all timeframes. Study all details incl. divergences etc. You'll love it :)
FAQ.
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PALLADIUM BUYPALLADIUM
SELL
ENTRY 2315.00
TP 1: 2380.00
TP 2: 2440.00
TP 3: 2500.00
STOP LOSS 2240
Palladium requires a large Stop Loss
Palladium - Potential for some more upside action TVC:PALLADIUM
After a massive dump, over 6% on the 11th Nov, we are seeing great support at $2300 to $2350.
Based on the MACD and the RSI indicators, we can conclude that the downside risk is lowered and the momentum is shifting back to the upside.
Great entry points for a potential breakup are between $2330 to $2350.
Break up take profits are as follows:
TP1 - $2391
TP2 - $2415
TP3 - $2490 (Back to last weeks swing highs
Stoploss - $2301 (Just below the dump)
If the DXY ( TVC:DXY ) breaks up above $23 and closes (4hr or D1) then this trade will be under pressure and should reconsider.
50-80% ROI since March Lows for these MetalsTake a look at this comparison chart and see the ROI for these few important Metals performance.
The best is COPPER and the worst is Platinum since the March Low.
I am investing for the long term and will wait for healthy correction to add more long positions. And I have reiterated the volatility of this PM and personally, I do not take a large positions in each of these PMs.
I am often asked how to diversify your portfolio ? The answer is pretty straight forward. It depends on the size of your capital. If you are starting out with a small capital of say 5 to 10,000, then I would say 50% in SPX500 and the rest in growth stocks.
If you have 100,000 to 500,000 then it becomes easier to allocate a certain % of your capital to other assets class like PMs. And even then, start with 1 or 2 before adding as this over-concentration can cause some traders/investors sleepless nights like the recent March crash. Imagine you have all 5 of these PMs, a 10% fall in 1 metal is amplified by 5 times if you purchased all though the reverse is true as well.
So, how much risks you can stomach has also to do with your capital base and your personality, imo.
Also, there are many complicated instruments out there being promoted by various brokers like DLCs, leveraged ETFs, options, etc. Personally, I do not have expertise in these instruments and would not comment if it is worthwhile.
Just managing my own portfolio across commodities, stocks, futures, ETFs, currencies IS MORE THAN ENOUGH for me to handle. Then again, to each his own. If you have the bandwidth and knowledge , it is OK to expand your investment reach into these new products. But always start small and gradually inch in as you gain more confidence.
XPD ready for pullback after slight dropHello traders on daily chart as we can see XPD has dropped a lot in past few days. Now it is about to reach a strong support level and 50% fib level too. I expect price to test this support level around 2156 or maybe break it bit then reverse. Wait for price to test support level then go for long.
Traders if you liked this idea please let me know in the comment section below and follow for more ideas.
XPDUSD, Aroon Indicator entered an Uptrend on Oct 19, 2020Over the last three days, Tickeron A.I.dvisor has detected that XPDUSD's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. Tickeron A.I.dvisor backtested this indicator and found 106 similar cases, 95 of which were successful. Based on this data, the odds of success are 90%. Current price 2347.92 is above 2322.75 the highest resistance line found by Tickeron A.I. Throughout the month of 09/23/20 - 10/23/20, the price experienced a +7% Uptrend. During the week of 10/16/20 - 10/23/20, the FOREX enjoyed a +0.97% Uptrend growth.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 23, 2020. You may want to consider a long position or call options on XPDUSD as a result. Tickeron A.I. detected that in 25 of 27 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 90%.
The Moving Average Convergence Divergence (MACD) for XPDUSD just turned positive on October 21, 2020. Looking at past instances where XPDUSD's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 18 of 19 cases over the following month. The odds of a continued upward trend are 90%.
Following a +2.74% 3-day Advance, the price is estimated to grow further. Considering data from situations where XPDUSD advanced for three days, in 90 of 96 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 98 of 106 cases where XPDUSD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.
PALLADIUM BUY OPPORTUNITYPalladium is on an uptrend which should last until end of Feb 2021.
Buy from current level or upon retracement above 2270.
