There is plenty of volatility in the markets due to current events happening around
the world right now and Palladium is an example of this.

An all-time high was created in May 2021 at $3017. Price then went into consolidation
using the weekly 200 simple moving average as support.

From there, we have seen a gradual increase in price, and by the end of February,
price was just $7 shy of the all-time high.

The second week of March saw the breakout we were all anticipating, but this was
short-lived as price has now retreated back into the consolidation zone.

This is the very reason why we wait for confirmation following a breakout before
jumping into positions after a long period of consolidation. This is something we
make our members aware of.

Many traders and investors would have taken a position in Palladium as soon as it
broke out but we understand that when price consolidates for a lengthy period of
time, it could form a fake breakout.

We will continue to stand aside until our confirmation is met and preserve our
capital in the meantime so that we can use it for high-probability opportunities.

See below for more information on our trading techniques.

As always, keep it simple, keep it Sublime.
Chart PatternsCommoditiescommodityGoldTechnical IndicatorsPalladiumsublimetradingTrend Analysistrendfollowingtrendtrading

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