At the Asian Monday opening today Palladium XADUSD rallied strongly but then pulled back under the neckline of the H&S's patterns on the mid-timeframes.
See on the chart here where the RSI went into the overbought condition over 70 and it's RSI then pulled back to the 50 but in the last little while the RSI has broken out again.
It has a lot of hightime-frame Stochastic strength and looks to be making a big move today with these bullish H & S patterns.
تم فتح الصفقة
My guess is that Palladium will mount a breakout at the start of today's London session when the Volume starts to really bill.
Watch this space.
easy_explosive_tader
تم فتح الصفقة
This might pop soon on the London open.
ملاحظة
5m Chart: Bullish Cup n Handle.
ملاحظة
On this 1HR chart for Palladium over the past week, see how the RSI has made a new high over the course of the week. But very recently the RSI dipped but price remained elevated. This divergence tells me that the Head n Shoulders system will drag price up soon as the RSI spikes up again.
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