In this technical blog, we are going to take a look at the past performance of Palladium ticker symbol $PA_F, 1-Hour Elliott wave Charts that we presented to our members. In which, the cycle from 8/02/2019 low showed a higher high sequence in an impulse structure with the right side up called for more upside to take place. Therefore, our members knew that buying the dips in 3, 7 or 11 swings remain the preferable trade. We will explain the Elliott wave structure & buying opportunity our members took below:

Palladium 1 Hour Elliott Wave Chart

Palladium 1 Hour Elliott Wave Chart from 9/18/2019 London update. In which the metal showed an impulse rally where wave ((iii)) ended $1619.8 high. Down from there, the metal made a wave ((iv)) pullback which was expected to offer buying opportunity in 3, 7 or 11 swings looking for more upside. The internals of that pullback unfolded as a zigzag structure where wave (a) ended at $1577.4 low. Wave (b) bounce ended at $1607.4 high. Wave (c) was expected to reach 100%-161.8% Fibonacci extension area of (a)-(b) at $1565.9-$1539.8 equal legs area. For a potential long side looking for more upside or for 3 wave reaction higher at least.

Palladium Latest 1 Hour Elliott Wave Chart

 

Here’s Palladium 1 Hour Chart from 9/20/2019 New York update. Showing reaction higher taking place from the blue box area. Allowing members to create a risk-free position shortly after taking the long position from the blue box area. Now as far as it remains above $1563.36 low metal looked to extend higher towards initial target area i.e inverse 123.6%-161.8% Fibonacci extension area of ((iv)) at $1633.2-$1655 area before profit-taking can be seen.

Below is our trade setup presented in the trading journal:

The trade has 2.1 Risk to Reward Ratio. Upon hitting the target, we have $66 points in profit, but in terms of percentage, members profit 1.8% to 3.6%, depending on the risk taken (we recommend between 1% to 2% risk/trade).

Palladium Trade Video Clip from 17 September 2018 Live Trading Room

Keep in mind that the market is dynamic and the view could change in the meantime. Success in trading requires proper risk and money management as well as an understanding of Elliott Wave theory, cycle analysis, and correlation. We have developed a very good trading strategy that defines the entry. Stop loss and take profit levels with high accuracy and allows you to take a risk-free position, shortly after taking it by protecting your wallet. If you want to learn all about it and become a professional trader. Then join our services with Special 50% discount offer by using this code: 864AA98028.

Hello fellow traders. In this technical blog we’re going to take a quick look at the charts of Palladium Futures published in members area of the website.  As of right now Palladium is giving us nice reaction from the Weekly Blue Box area. We’re calling August 2018 cycle completed at 1577 peak and now getting deeper pull back. The price is showing incomplete swings sequences in the cycle from the 1577.07 peak suggesting further separation lower . Break of 03/28 low has opened possibility for further extension downside. Consequently the commodity is now targeting 1137.8 area. In further text we’re going to explain the Elliott Wave structure and forecast.

Palladium Elliott Wave Weekly Chart 1.17.2019

In the yearly forecast, we were looking for a August 2018 cycle to end in blue box (1503 – 1664 as noted on the chart) and a reaction lower to take place. We were looking fora larger pull back that will correct the cycle from the 816.01 low at least.  As our members know, Blue Boxes are no enemy areas , giving us 85% chance to get a reaction.

Eventually Palladium reached proposed blue box in weekly chart and August 2018 cycle ended at 1577.07 high.

Now,let’s take a loot at the short term price structures.

Palladium Elliott Wave 1 Hour  Chart 4.4.2019

The price ended short term cycle from the 1577.07 peak as 5 waves structure, labeled as wave ((A)) black.  We ended clear 3 waves bounce against the 1577.07 high, hence short term recovery can be counted completed as ((B)) black. Now we need to see break below wave ((A)) – 03/28 low to get confirmation next leg down ((C)) is in progress.

Palladium Elliott Wave 1 Hour  Chart 4.5.2019

The price has broken 03/28 low. Consequently , the commodity is now showing lower low sequences down from the 1577.07 peak. Palladium became bearish against the 1413.84 pivot. Seems like we are ending 5 waves down from the mentioned peak most likely. Consequently we are calling for further weakness. We expect short term bounce to correct the cycle from the 1413.84 high before further decline takes place. Proposed bounce should ideally reach 50-61.8 % Fibonacci Retracement area.

Palladium Elliott Wave 1 Hour  Chart 4.10.2019

Finally we got proposed bounce. The price is correcting the cycle from the 1413.6 high, when recovery is labeled as ABC red Zig Zag Pattern. As of right now we can still be in C red that can be unfolding as ending diagonal.  As far as the price stays above bottom wedge line, we can get another short term high in wave ((v)) of C . We don’t recommend buying Palladium and favor the short side against the 1413.61 peak. Alternatively if 1413.61 pivot gives up, we can be doing Irregular Flat against the 1577.07 peak toward 1402-1469 area.

Keep in mind market is very dynamic and proposed view could have ended in the mean time. You can check most recent updates in the Membersip Area of the Website .  Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the Live Trading Room.

Elliott Wave Forecast

We cover 78 instruments in total, but not every chart is trading recommendation. We present Official Trading Recommendations in Live Trading Room.  If not a member yet,  Sign Up for Free 14 days Trial now and get access to new trading opportunities. Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy.

Welcome to Elliott Wave Forecast !

 

Hello fellow traders.  In this technical blog we’re going to take a quick look at the Elliott Wave charts of Palladium Futures, published in members area of the website.  As our members know, the commodity has had incomplete bullish sequence in the cycle from 1056.56  low. The Elliott wave structure had been calling for further strength.  Consequently, we advised members to avoid selling Palladium Futures  and keep  keep buying the dips in the sequences of 3,7,or 11 swings whenever opportunity presented itself. In further text we’re going to explain Elliott wave structure and trading setup.

Palladium 1 Hour Elliott Wave Analysis 1.13.2019

As we can see on the chart below, Palladium is doing wave ((iv)) pull back, that is unfolding as (a)(b)(c) ZigZag Elliott Wave pattern. The commodity is bullish against the 1179.79 low in first degree, and we favor the long side.  Short term pull back has scope to reach 1273.42-1263.72 area , where we like to be buyers for proposed rally or 3 wave bounce altneratively. Although we expect to see another leg down , we advise members to avoid selling against the main bullish trend. Strategy is waiting for mentioned area 1273.42-1263.72 to be reached, before entering long positions.  As the main trend is bullish, we expect to see reaction in 3 waves up from the blue box at least. As soon as the bounce reaches 50 fibs against the (b) blue high, we will make long positions risk free and let the profit run.

Palladium 1 Hour Elliott Wave Analysis 1.14.2019

Eventually Palladium has given us leg down toward blue box- buying zone.  Buyers have appeared shortly after and we got turn higher, when pull back ended right at the upper end of the blue box. Now calling pull back completed and we already got the new high. As a result members who took long trades are now enjoying profits with risk free positions.

Palladium 1 Hour Elliott Wave Analysis 1.17.2019

The price has held last short term low nicely and we got further rally as expected. Count has been twicked , when now calling wave ((iv)) pull back completed at 1274.6. We can get more upside in short term before wave 4 red correction takes place.You can check most recent charts in the membership area of the site.

Note: Market is dynamic and presented view could have changed in the mean time. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the Live Trading Room.

Elliott Wave Forecast

We cover 78 instruments in total, but not every chart is trading recommendation. We present Official Trading Recommendations in Live Trading Room.  If not a member yet,  Sign Up for Free 14 days Trial now and get access to new trading opportunities. Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy.

Welcome to Elliott Wave Forecast !

 

Welcome traders, today we will look at a couple of Palladium futures (PA #F) charts. The metal reached one of our blue target areas and react perfectly to our expectations. This will show you how profitable and efficient it can be to trade with our philosophy and basic Elliott Wave analysis.

First of all, we start with Palladium futures’ 45 minute chart from December 23rd presented to our members. At the time, we maintained a bullish perspective due to our Elliott Wave analysis. Our count suggested an ending diagonal cycle waiting for a final 5th wave up. Also, a bullish sequence stamp was presented on a larger time frame. This was due to the October 23rd high broken on November 15th. Consequently, this increasingly enforced ‘the right side’ of the market; hence opening higher probabilities of reaching newer highs.

With our aggressive approach, our members are encouraged to act on our target areas with the right side of the market. Furthermore, our approach unquestionably takes a trading opportunity when a bullish/bearish stamp is also present. Although we had no stamp in 45 minute  time frame, but we do have a bullish sequence stamp in the 4 hour to back up the upside trend.

Palladium 12.23.2018 1 Hour Chart Elliott Wave Analysis

Below you can see an updated chart of the instrument from December 28th. Notice how the metal reacted off of the blue box target area and resumed the upside. The area of 1160.74-1140.13 was calculated using the the Fibonacci extension tool. In this particular case, off of wave ((w)) & ((x)). This is what we call the “equal leg area”. This is where we sell or buy depending on the market.

A mapped entry, an invalidation level set up, the right side, sequences, add up to great trading opportunities. Above all, waiting for the right signals proved to be successful and we got the proposed reaction as expected.

Palladium 12.28.2018 1 Hour Chart Elliott Wave Analysis

*Note : Keep in mind the market is dynamic and the presented view might have changed after the post was published.

If you liked what you read or if you are interested on the Elliott Wave methodology and how it can work consistently with our bullish/bearish sequence method, become a member and join our community today. Visit us at Elliott Wave Forecast and as always, new comers can always try us out for 14 days with our Trial Plan.

Trading success is a journey and you will never be perfect at it, but you can always master your reaction to the market.

 

Here, we will look at past short-term Elliott Wave charts of Palladium’s  (PA) price action presented to our members.

Below, you can see the 1-hour updated chart posted on the 12/07/18 with our Elliot count perspective at the time. We expected prices to extend higher due to the 11/16 high broken on 11/29, hence our bullish sequence stamp. Under our method, we encourage our members to trade with the right side of the market after a 3,7, or 11 swing dip. Usually, said dip, corrects the latest completed bullish cycle. With this in mind, after a FLAT correction (a 3 swing dip) of the cycle  from 11/23 to wave ((a)), we expected a bullish reaction. As long as the invalidation level (1094.54) was kept intact, and the dip reached anywhere within the 1-1.618 Fibonacci extension area of blue (a) & (b), we expected buyers for further upside.

Palladium 12.07.2018 1 Hour Chart Elliott Wave Analysis

Notice what happens when the metal reaches the expected reaction area of  (1150-1120). Palladium makes a great bounce and starts extending higher. A 5 wave impulse wave move towards new highs as long as the 1094.71 pivot holds.

Palladium 12.13.2018 1 Hour Chart Elliott Wave Analysis

*Note : Keep in mind the market is dynamic and the presented view might have changed after the post was published.

If you liked what you read or if you are interested on the Elliott Wave methodology and how it can work consistently with our bullish/bearish sequence method, become a member and join our community today. As always, new comers can always try us out for 14 days with our Trial Plan. And, for this month only, we are offering a 2 for 1 End of Year promotion.

 

Trading success is a journey and you will never be perfect at it, but you can always master your reaction to the market.