CoinSparrow

Palladium - 60 - Short - Trend Analysis

TVC:PALLADIUM   PALLADIUM (US$/OZ)
Please do not trade based on my ideas. I am a novice and post for interest's sake only.

Palladium             closed below a steep upward trendline on Friday at the hourly. Daily and weekly the trend is still upwards, however it has kissed a resistance line again at about 1,000.
I also note a divergence in volume suggesting the upward trend may be coming to an end. (I'm still learning this one please correct me if I am wrong).
I note that the peak this week was lower than the previous high.

It seems crazy to short palladium             , but a trend must end somewhere.... This feels risky. Small trade and short stop for me. Wish me goodluck :)

SH
Kommentar: Waiting. Throwback in progress. Entry around 995.
Trade ist aktiv: Tiny little double top at 2 consecutive hours. This bring our stop at 1004 to a nice narrow point...here goes. Good luck.
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