Palladium: further downside potential?
A bearish trend is applicable.
Negate the bearish bais for a brake above 1820.
Ideal short entry around 1740.
Increase exposure for a break below 1670.
target 1600, which is almost at the lower range of the linear regression channel pattern. Notice how this pattern is sloping downwards, supporting a bearish trend.
Stop-loss 1820.
Remains a risky trade.
Negate the bearish bais for a brake above 1820.
Ideal short entry around 1740.
Increase exposure for a break below 1670.
target 1600, which is almost at the lower range of the linear regression channel pattern. Notice how this pattern is sloping downwards, supporting a bearish trend.
Stop-loss 1820.
Remains a risky trade.