Palladium Futures ( PA1! ), H4 Potential for Bullish Rise
Title: Palladium Futures ( PA1! ), H4 Potential for Bullish Rise
Type: Bullish Rise
Resistance: 1917.5
Pivot: 1744.0
Support: 1656.5
Preferred case: On the H4 chart, we have a bullish bias. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the resistance at 1917.5, where the 78.6% Fibonacci line is.
Alternative scenario: Price may possibly head back down to retest the pivot at 1744.0, where the 23.6% Fibonacci line is.
Fundamentals: There are no major news.
Type: Bullish Rise
Resistance: 1917.5
Pivot: 1744.0
Support: 1656.5
Preferred case: On the H4 chart, we have a bullish bias. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the resistance at 1917.5, where the 78.6% Fibonacci line is.
Alternative scenario: Price may possibly head back down to retest the pivot at 1744.0, where the 23.6% Fibonacci line is.
Fundamentals: There are no major news.