Palladium Wave Analysis – 4 September, 2020

• Palladium reversed from resistance level 2370,00

• Likely to fall to 2130,00

Palladium recently reversed down with the daily Shooting Star from the powerful resistance level 2370,00 (which has been reversing the price form March).

The downward reversal from the resistance level 2370.00 stopped the previous upward impulse sequence (iii) from the end of August.

Palladium is likely to fall further toward the next support level 2130,00 (which stopped the two previous corrections (ii) and 2 in August).