PALLLADIUM is ready to pop

11 ביוני 2020

Price is coiling inside the asymmetrical triangle. Historically, this pattern is prone to volatility once price reaches the apex. The next two daily candles will put price outside the pattern. If there is continued risk taking and positive market sentiment across all financial markets, then there is increased probability that Palladium will develop a new bullish trend. However, it worth noting that the S&P 500 has traded higher over the last several days/weeks while Palladium has been stuck in a no trend scenario. Pay attention to risk and potential fake outs.