Palladium Wave Analysis – 09 December, 2019
December 09, 2019 @ 17:15 +03:00
- Palladium broke daily up channel
- Likely to rise to 1900.00
Palladium has been rising sharply in the last few trading sessions – in line with our earlier forecast for this instrument.
The price earlier broke the resistance trendline of the daily up channel from May – which was preceded by the breakout of the key round resistance level 1800.00 (top of the impulse wave (i)).
Palladium is expected to rise further toward the next resistance level 1900.00 (expected price for the completion of the active impulse wave (iii)).