Tuesday, June 24, 2014
Palladium (Symbol: /PA) hits 4 year recent high
Weekly chart Palladium precious metal.
After lengthy correction starting from early 2011, hits recent high.
The complex correction can be summed up as comprising 3 parts.
1) zig-zag abc
2) zig zag abc
3) triangle abc
From the triangle abc, an up move usually occurs, as shown in the chart.
From the length and complexity of the correction, having gained considerable strength, it may be that Palladium will be on another strong up trend starting with wave 1 impulse which may well be underway now, and breaking the recent high resistance.
And as for platinum - completely messy and undecipherable!!
See chart below.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment