{"id":120329,"date":"2018-01-25T08:45:25","date_gmt":"2018-01-25T13:45:25","guid":{"rendered":"http:\/\/countingpips.com\/?p=120329"},"modified":"2018-06-01T15:43:49","modified_gmt":"2018-06-01T15:43:49","slug":"have-you-seen-palladiums-tradable-price-pattern","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/01\/have-you-seen-palladiums-tradable-price-pattern\/","title":{"rendered":"Have You Seen Palladium’s Tradable Price Pattern?"},"content":{"rendered":"
January 25, 2018<\/div>
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By<\/strong>\u00a0www.TheTechnicalTraders.com<\/a><\/u><\/strong><\/p>\n

Are you prepared for the next big move in the metals markets?\u00a0 Would you like to know what to expect in the immediate future that could save you thousands of dollars?\u00a0 Then pay attention to this message as we share something most traders are overlooking right now.<\/p>\n

Our research team at\u00a0Technical Traders Ltd.<\/strong>\u00a0have spent years developing our skills and financial modeling systems.\u00a0 Right now, many traders are seeing the big upward price swings in the metals as a sign that prices will continue higher.\u00a0 Well, in the long run, they are correct. But right now we believe the metals will roll over and trend lower for the next few weeks setting up for the next leg higher.<\/p>\n

Palladium is a perfect example of this Rollover expectation. Both the current long-term monthly chart shows signs of a massive double top, and the daily chart WEDGE\/Pennant formation is likely a washout high rotation pattern that will prompt lower prices over the next few days\/weeks.<\/p>\n

MONTHLY PALLADIUM CHART<\/strong><\/h2>\n

This monthly chart to us is nothing more than a reason for the overbought Palladium market to have a minor pullback before potentially running to new highs. We could see a couple weeks or potentially a few months of weaker prices, but the point here is that price is overbought and at resistance on the long-term chart and imminent pullback is likely to occur for a tradable short or to re-enter after the price has corrected and shows signs of strength for another run higher.<\/p>\n

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DAILY PALLADIUM CHART<\/strong><\/h2>\n

As you can see from this chart, we are expecting a rotation lower based on our modeling systems predictive capabilities that will result in a substantially lower price swing \u2013 possibly as much as -8 to -10%.\u00a0 We believe support will be found just above the $1000 price level.<\/p>

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<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

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Additionally, our Adaptive Dynamic Learning (ADL) modeling system is designed to scan historical price activity of any chart and find the unique price and technical indicator formations that operate as DNA markers for the price.\u00a0 It then continues to scan for new or repeating DNA markers in the market to determine probable outcomes of the price going forward.\u00a0 In this case, the ADL system is predicting a lower price swing to near $1020 near or after February 8th<\/sup>.\u00a0 After this price contraction, the ADL system is expecting a solid rally to form.<\/p>\n

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This should be important to all investors because long traders in the metals should wait for this pullback to happen before getting into heavy positions.\u00a0 Our analysis shows we should see a -4 to -8% price pullback within the next week or two before support will be found.\u00a0 Obviously, buying near the lowest point is the objective of trading and we believe the February 5th<\/sup>\u00a0through February 8th<\/sup>\u00a0timeframe should provide the optimal bottom rotation period for metals traders.<\/p>\n

Would you like to receive daily video analysis of our research for all the major markets as well as continue to receive our advanced research reports?\u00a0 Want to know that the US majors Indexes are going to do tomorrow or next week?\u00a0 Take a minute to investigate\u00a0www.TheTechnicalTraders.com<\/a><\/u><\/strong>\u00a0to learn how we can assist you in your trading.\u00a0 Learn how we called this move in the US Indexes for 2018 and how we can continue to identify market moves before they happen with our proprietary modeling systems.<\/p>\n

Chris Vermeulen<\/p>\n","protected":false},"excerpt":{"rendered":"

By\u00a0www.TheTechnicalTraders.com Are you prepared for the next big move in the metals markets?\u00a0 Would you like to know what to expect in the immediate future that could save you thousands of dollars?\u00a0 Then pay attention to this message as we share something most traders are overlooking right now. Our research team at\u00a0Technical Traders Ltd.\u00a0have spent […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-120329","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/120329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=120329"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/120329\/revisions"}],"predecessor-version":[{"id":120330,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/120329\/revisions\/120330"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=120329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=120329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=120329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}