2 possible scenarios:
1) WIth the RSI at support, we may see a support to test higher prices first. Current price action could be a great buying opportunity with a limited upside of 17.20
2) History tend to repeat itself and we are not ruling out that prices could take a taken like Palladium, taking out all meaningful support zones. Current price action is range trading within a bear flag formation and the general trend remains bearish in the downward channel.
1) WIth the RSI at support, we may see a support to test higher prices first. Current price action could be a great buying opportunity with a limited upside of 17.20
2) History tend to repeat itself and we are not ruling out that prices could take a taken like Palladium, taking out all meaningful support zones. Current price action is range trading within a bear flag formation and the general trend remains bearish in the downward channel.