Bull trend in place but expect more sideways :
On the anticipated bull trend in Minor wave 5, more sideways is expected in Minute wave b, before starting the rally in Minute wave c.
The broader outlook remains bullish against the 723 low, through above the 913 high on September 2014.
The bullish view :
Palladium seems to be developing the three-waves sequence of wave 5 in an A – triangle B – C zigzag. On this anticipated formation, its wave a(circled) have been completed, also its wave b(circled) in a triangle may have completed, and the following wave c(circled) ahead will likely be extended to higher levels impulsively.
The bullish view :
Palladium seems to be developing the three-waves sequence of wave 5 in an A – triangle B – C zigzag. On this anticipated formation, its wave a(circled) have been completed, wave b(circled) in a triangle could still be in progress, and rise in impulsive wave c(circled) is probably ahead.
Under the bullish view :
Palladium appears to have completed a three-waves sequence, as the corrective wave 4, and begun to rise in another three waves – now in the wave 5.
The bullish outlook :
On this frame of Palladium’s daily chart, I have adjusted wave counting of the wave 4.
On this fine frame of Palladium’s daily chart, I have explained what has been formed on the ongoing wave 5 , so far. A leading diagonal as wave a (circled), a regular flat as corrective wave b (circled), and an impulsive wave up as c (circled) likely ahead…
On this fine frame of Palladium’s daily chart, I have explained what has formed on the ongoing wave 5 , so far. A leading diagonal as an initial subwave, a regular flat as corrective subwave, and an impulsive wave as latest subwave ahead…
Green idea : A leading diagonal, as a directional initial concept, conceptually would suggest to extend the following waves in the same direction.
