Palladium Intraday Bull Market Review

 

PAY00-July-14-2016

 

Palladium has also been on a rip roaring bull market, in 2016. This is good, but we always have to be on the look out for a fake move. So far Palladium has acted out what looks like a real good Impulse5 wave, but the May rally, is looking like the start of a diagonal. This suggests a bigger zigzag is at play here so we will see how far above my top trend this will go.  Palladium is now bumping up to my invisible declining top trend line, so if the power is there, it should push through this resistance and keep going. 

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