On the 15-minute chart of palladium there seems to be an almost finished Elliott Wave cycle. A five-wave impulse to the south from 604 to 567, followed by an almost finished w-x-y double zig-zag correction.
In addition, it looks like wave B is going to end somewhere near the 61.8% Fibonacci level. According to the Elliott Wave Principle, this, plus the wave structure, suggests that as long as 604 is safe, we should be expecting wave C down to lead the price of palladium as low as 560.
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