I ask you is this palladium pattern something you should invest in or trade up and down with futures trading. I have to check for the ETF to see if there is one to sell short on. The daily chart has also produced the Death Cross with another well below us on this chart. To be long (bullish position) at the top of this pattern is financial suicide as far as I’m concerned. Since the 1980’s this entire bull market just kept on going, and going, and going, until a little while ago as it seems to have turned a corner already.
How does a $600 Palladium crash work in your investment world?
Pure and simple folks, all commodities “must” be counted from a diagoanl perspective, otherwise what I say makes no sense, and your trades will suffer from performance issues.
When we only go long we are only running at 50% efficiency, so that can be massivly improved by knowing how to go “short” and “long” when the opportunity arises.
All commodaties run as connecting zigzags, and I feel more and more comfortable in seeing them and counting them out. Like I said I have the largest collection of diagonal wave sructures on this planet and here is another one. Every wave position must be confirmed and wave count maintained and I don’t have the time if the gold market is going to go nuts.
Always remember that the void below our present palladium prices are filled with “SELL” orders as protective stops!