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flippedman

Possible end of ABC(DE) correction wave - very bullish pendant!

Long
CFD sur PALLADIUM (US$/OZ) (TVC:PALLADIUM)  
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TVC:PALLADIUM   CFD sur PALLADIUM (US$/OZ)
Chart Patterns Wave Analysis
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After a long bull run, Palladium had a much needed correction. Upward price movement could resume soon to escape the bullish pendant or it could test 200MA (roughly 61.8 fib level) before leaving the pendant.
Commentaire:
Great movement out of downward pendant. I can see 1.618 Fib level being reached after a few months.
Transaction en cours:
I see further upside after a slight correction (due to oversold RSI).
Commentaire:
Commentaire:
snapshot

Will uptrend continue?
Commentaire:
I think it will respect the pendant if it bounce off that lower support, so far looking like it could:

snapshot
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