Palladium Wave Analysis – 29 July, 2020

• Palladium reversed from resistance level 2365.00

• Likely to fall to 2160,00

Palladium recently reversed down from the major resistance level 2365.00 (former top of the sharp impulse wave (1) from March).

The price is expected to form the daily Japanese candlesticks reversal pattern Evening Star Doji – if Palladium closes today near the current levels.

Palladium is likely to fall further toward the next support level 2160,00 (monthly high from May).