INVERSE Correlationsince 2013 both metals PALLADIUM and PLATINUM prices have been moving away from each other.
WILL MONEY MOVE FROM Palladium INTO Platinum?
PALLADIUM trade ideas
Palladium correctingThis Jag fell off of Solid Violet.
What happened to the Volume?
( seriously, the noise was about short squeeze, whats the noise now? )
PALL STILL LONG, BUY AT 50 % retrace till SEPT HMMM russia is the lead exporter of palladium and even puts it in their currency. That sound like something i want to hold during a recession....... Interesting. Palladium backed Ethereum. At that point, no one would say no if it was actually holding value.
Palladium testing upper trend lineWith Palladiums ever increasing price, it is now reaching the top trendline within the range its been trading since August 2018. This will be an interesting point for Palladium , it's fundamentals suggest an ever increasing price for the next year but this doesn't prevent localised trending through trading. The upper trend line at ~$1600 will be a test if this Bullish momentum. Will Palladium break through and back up its Bullish momentum or will it be contained for a short while?
Note, from previous update the green channel is the trending channel from August 2018. The light blue channel and associate dashed inter-channel levels are the resent trend within the August 2018 trend.
Palladium: Turning parabolic towards 1,800?It is no secret that Palladium is on a strong long term bullish trend, and we have discussed this subject on this comparison with Gold where we estimated a target of 1,367 (see the chart below).
XPDUSD has even outperformed this target and is currently on a very interesting development where it can turn parabolic towards 1,800. Even if that doesn't materialize, the RSI shows that the target can be fulfilled either on the current 1D Channel Up (RSI = 58.312, MACD = 34.870, Highs/Lows = 0.0000) or the Higher Low support provided by the previous Channel Up.
See our previous 1,367 target on the Palladium/ Gold comparison:
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Palladium : pm ThuLocal top?
Second Green Square?
yes . no .
Jag: Thin Black to Double Purple.
Otherwise: can The Jag sustain Double Yellow ?
Palladium Breaks Out Yet AgainLast post: March 14th 2019. See chart .
Review: Price was trending well and was approaching the previous resistance level.
Update: Price has now broken out to the upside after being in the mini consolidation zone for a few weeks.
Conclusion: We will now look to enter another position to add to our other positions which are already in good profit.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Palladium Suspense or Antigravety.Modified Model. \?/
Why the change? I may have been wrong. At least in the expectation of a precipitous decline of the price "a la crypto" Ant technically: The jag broke out of the Thin Blue b curve.
Thee are many faint curves, Now about this top: these are the process. some are osculating, others are minor or inquiry. Some have past . Some are brought back: all for clarity and focus.
Modifications:
Solid Red Precipitates . That the first addition to the model . it replaces faint doted black. , Near by and faded.
Doted Orange: DBO
It has been there, but faint. Now its back, more prominent in Doted Bold Orange: DBO. The forward side of DBO is set by its root and its conformity to the rally 22 Feb 26 Feb '19
Bold Yello; BY
It is rooted in the Jan 17 '19 Local High. This horn had been there as well. Now it is brought forwards and made prominent with Bold Yellow: BY. Notice that the action is again , inside this feature.
Green Squares
The Up side is chasing Green Squares.
I think some charttist can see a "double top" forming. Particularly if it falls off of new Solid Red, and hears DBO. Or I could be a absurd surrealist.
The Up side is chasing Green Squared
Astroobserver
Palladium Not Slowing Down Just YetLast post: November 30th 2018. See chart .
Review: Price was trending well and making new all-time highs.
Update: Price continues to create new all-time highs but is currently in a period of mini consolidation.
Conclusion: We will look to enter more compounds on the next breakout.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Palladium - could retrace then top out at $2045Palladium looks to be in a wave 3 zone currently. There is a lot of momentum in this chart currently so it could dip down fast and test close to top of wave 1 area which could be a good buy zone.
Is Palladium ever going to stop?No. TO THE MOON!
Thank you for your time, goodbye.
But seriously, we have being going up for a while now, I think mainly due to supply issues, and after palladium became more expensive than gold, it has started to go parabolic.
We are pulling back now, right at that price that was gold complacency support.
I believe either the bubble will pop, or we are going to test gold all time high.
Now... If we go past gold all time high... Oh my. Brace yourselves, the FOMO herd is going to come stampeding.
Industrials NEED palladium, to build cars and other stuff doesn't even matter.
The sources are not exactly reliable: Russia and South Africa. that is it.
Everybody knows Russia, and you migh have heard South Africa was very uncertain...
If Russia ends up being the only source it's GG.
Right now the normy crowd could not care less, but if Palladium starts going into a mania, just wait and see how every one grandma asks about the white metal.
So I see 2 scenarios:
1- Industrials have been panic buying massively and we are going to end up with huge supply and no demand. Huge rapid crash.
2- South Africa will keep sinking into populism and banks nationalisation etc, Palladium demand will keep to rise, and at some point the mainstream FOMO crowd will hear about that precious metal that has been going up and up and up, and this time it will be different "Ye ok we messed up with Bitcoin but Palladium is a real metal and it is actually used in cars and very valuable and scarce so it is impossible we are wrong this time." Once the FOMO crows gets it, enjoy daytrading this +30% in 1 day...
Either way, probably going to be fun. Be ready. Keep your eyes on this before anyone else.
And remember, no matter how many hundreds of times the mainstream crowd was wrong, this time it WILL be different, they are 100% certain of it.
Palladium: On Solid BLue.Slight Modifications to the model: New Solid Red concave parabola. 21 March '19 temporal marker suggested by convergence of curves.
That was the spring rally for Palladium. Upper track, the destabilizing track of the three, is averted.
Dashed Blue and Dashed Green converge in April
Palladium, a desirable pullback on a very strong trendThis noble metal has been stealing the show of its bigger brothers and sisters ever since the risk growth of a market correction started showing at the end of 2018.
Market makers keep playing range-bound cat & mouse with smaller investors still stuck on the "use gold to hedge" multi millennium motto while less popular markets sneak by
However, after a strong bull, and considering this specific market is not yet euphoria-bound in my opinion due to the lack of media exposure, a pull back would be desirable for the health of this up trend -which begins to look like a bubble-
And we have achieved very good levels for this to happen.
Consider hedging long positions around and above the red area for better prices using tools to monitor market makers movements.
For better results, use context of other noble metals and stocks market situations
Unlike the NASDAQ (and overall US markets) ideas, we are not trying to build strong shorts, but merely manage risk on long positions (for now)
Just like all my published ideas, this is not financial advisement, trade at your own risk
PALLADIUM Buy SignalPattern: Channel Up on 1D.
Signal: Bullish once 1) the price test the Higher Low and 2) completes a -8.65% pull back.
Target: 1600.
Palladium TOPits left the black cycle. It Bounced off Solid Blue.
It might still resume climbing. I intuit that it will not.
Will Gold and Platinum begin rising again? I intuit that the demand fro Precious Metals is stronger every day.
Palladium the Silent Bull Market and Pending CorrectlyTake a look at the chart. Price is forming another blow-off top pattern and reaching its Fibonacci price target. Expect money to flow out of this, and into Platinum for a few months.
See Platinum Chart:
