Palladium Wave Analysis – 25 October, 2019
October 25, 2019 @ 12:12 +03:00
- Palladium broke resistance zone
- Likely to rise to 1800.00
Palladium recently broke the resistance zone lying between the key resistance level 1750.00 (low of wave (iii)) and the resistance trendline of the daily up channel from the start of August.
The breakout of this resistance zone should accelerate the active impulse waves 3 and (C).
Palladium is expected to rise further and retest the next resistance level 1800.00 (target price for the completion of the active impulse wave 3)).