Palladium Futures (PA1!) H4 | Rising from a pullback Support?
Type:
Bullish Reversal
Key Levels:
Resistance: 1,047.5
Pivot: 979.0
Support: 923.
Preferred Case:
Looking at the H4 chart, the price is falling toward pullback support and stabilizes around this level before reversing toward the 1st resistance at 1,047.5
Alternative Scenario:
Price may break below the Pivot at 979 and fall towards the 1st support at 923
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.