Palladium 4.1.2017
Time frame H4
Longterm downtrend, middle-term uptrend, short-term downtrend. The price has reached diagonal and horizontal resistances and FiBo 50.0 and did not managed to break them, which gives us possibility for new short position.
Price action signal: Pin bar at levels of horizontal resistance and FiBo 50.0
SL: 725.00
Technical indicator:
DeM(14) - In zone of overbought - when pierce level 0.7 the negative scenario will be confirmed
Alternative scenario: If the price breaks over the horizontal and diagonal resistances, the negative scenario will be dismissed.
Jr_trader_B_Arabadzhiev
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