Futures palladio
Short

Bearish all the way into July/August in /PA

53
/PA is in a bad shape at this point.
We had VTL Break , cycle low violation making lower lows and all it has achieved so far in this rally phase is rally sending it backs to the 38.2-50% fibs resistance levels.

We are creating a left-hand translation in this cycle , and it all projects to lower lows into July/August period.

It could potentially be forming a right shoulder of a H&S reversal pattern the next few weeks .

I don't like it at all.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.