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.
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Great movement out of downward pendant. I can see 1.618 Fib level being reached after a few months.
Transaction en cours
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I see further upside after a slight correction (due to oversold RSI).
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Will uptrend continue?
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I think it will respect the pendant if it bounce off that lower support, so far looking like it could: