XPDUSD - DAILY - FIBONACCI PROJECTION
Palladium's big bounce halted.
A Forex trading technical analysis video showing this month's $100 bounce (15% in 15 days!) in an A, B, C-type move where C equals A. The rally was capped yesterday by the top of the Ichimoku cloud which created a shooting star candlestick - hinting at an interim high. At the moment today is also a shooting star supported once again at the lower edge of the cloud. Were this to yield bearish pressure would increase as the cloud slides down over the next 20 days. This might create the conditions for a drop back down to the bottom of the very wide trend channel that has dominated all year.
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