PALLADIUM - Short Setup, Bearish Rotation In Metals

A very bearish setup is developing:

Since the top, there is nowhere on the chart that has a whipsawing candle like this:

A very big Shooting Star!

This setup has my favourite conditions met:

- Whipsawing candle that sweeps liquidity through key resistance (2021)

- Tidy 1.618 Golden Window (1.618 - 1.786) - taking extremity pivots of Accumulation to draw the fib trendline.

Palladium has quite weak price action overall comparing to other metals and this very bearish whipsaw might be a signal for the overall metals market that we're passing through a major pivot.

This is also considering that SILVER may have topped at my 1.618 target @ $54:



And GOLD may perhaps also have topped after hitting the ultra long term 2.272 (image below is a previous thread I made - click to enter):

In addition news arrives that "Gold price pulls back from record as Trump eases trade concerns" - mining.com/gold-price-pulls-back-from-record-as-trump-eases-trade-concerns/

Interesting isn't it how this type of news arrives exactly as GOLD, SILVER and PALLADIUM all hit hit respective Phi ratio landmarks / significant resistances !

...

Palladium may chop, however it often dumps hard when it swings bearish - I doubt it can take out this candle wick high - and even if it did then it would still be very bearish.

The candle closes in a few hours.

And from here there is a possibility that this might be the next wave down, though I won't hold anywhere near that long.

In summary, we have multiple signals from Gold, Silver, Palladium and Trump tariff news that metals may be topping / hitting a significant peak.

I entered a short position here.

This analysis is shared for educational purposes only and does not constitute financial advice. Please conduct your own research and consider that crypto is a dangerous market.