Hello fellow traders. Palladium Futures ( $PA_F ) is another instrument that has given us nice trading opportunity lately . As our members know the commodity is showing impulsive bullish sequence. We recommended members to avoid selling the commodity and keep on buying the dips in 3,7,11 sequences when get chance. In this technical blog we’re going […]
Palladium market continues to be in short supply for 9 straight years. The gap between mine supply and consumption in 2020 was around 1 million ounce of palladium. The chart below shows the deficit from 2011-2019 Palladium is used by automakers in catalytic converter manufacturing to clean greenhouse exhaust fumes. COVID-19 pandemic in 2020 further […]
In this blog, we are going to take a look at the Elliott Wave chart of Palladium (PA_F). The 1 hour NY Midday chart update from September 3 shows that wheat has ended the cycle from August 12 low as wave (3) at 2415 high. Elliott Wave theory dictates that 3 waves pullback should happen afterwards […]
Palladium is in a 7 swing correction before the rally resumes. This article and video look at the Elliottwave path and target.
In this blog, we take a look at the 1 hour Elliott Wave charts performance of Palladium, which our members took advantage at the blue box extreme areas.
This week we saw Palladium rallying to new all time high and touching the $1700 psychological barrier. At Elliottwave-Forecast, we told our members last week that any dips should be viewed as a buying opportunity and we highlighted the area where we expected buyers to appear with a blue box. Blue boxes on our charts are […]