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Palladium Wave Analysis – 25 February, 2019

  • Palladium rising inside impulse wave (iii)
  • Further gains are likely

Palladium continues to rise inside the active impulse wave (iii) – which stared earlier from the support area lying between the round support level 1400.00 and the upper trendline of the recently broken daily up channel from September.

The active impulse wave (iii) belongs to the medium-term upward impulse sequence (5) from the end of January.

Palladium is expected to rise further and re-test the next resistance level 1550.00 (target price for the completion of the active impulse wave 5).

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Source: FxPro


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