Palladium under bearish pressure after the earlier breakout of the support area lying between the support level 2155.00 (low of waves 4 and (ii)), support trendline from last August and the 61.8% Fibonacci correction of the previous upward impulse from November.
The breakout of the aforementioned support zone accelerated the active waves C and (4).
Palladium is likely to fall further toward the next round support level 1900.00 (likely price for the completion of the active impulse wave C)
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