Palladium

The broad bearish outlook :

Palladium appears to be in the late stages of completing an ending diagonal as wave (C) of the primary degree sequence B. Subsequently, fall in the following wave C of the same degree will likely be ahead.

In accordance with Elliott Wave Principle, “A rising ending diagonal is usually followed by a sharp decline retracing at least back to the level where it begun and typically much further.”

Palladium - Monthly

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