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Dirty30
@Dirty30
5Mo·

Palladium stocked up further. The weekly RSI of Pd has recently been in oversold territory for only the 5th time since 1986. Price target: 6000$

attachment
22.08
Invesco Physical Palladium ETC logo
Acheté x12 à 80,69 €
968,22 €
11
14 Commentaires
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Maximal Frugal@Maximal_Frugal
5Mo
very interesting, how often have you been able to trade this profitably?
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Dirty30@Dirty30
5Mo
@Maximal_Frugal am only just inside with 2 tranches.
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Maximal Frugal@Maximal_Frugal
5Mo
@Dirty30 I'm excited about that! I'd love to take a look
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Dirty30@Dirty30
5Mo
@Maximal_Frugal of course always go for it 😎
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Epi@Epi
5Mo
Cool, something different!

Bold price target! Where does it come from and what time frame are you using?
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Dirty30@Dirty30
5Mo
@Epi according to Elliot Wave or as EW opponents like to say: throw chicken bones 😂😂😂😂

But it's difficult to give a time frame. But I would estimate around 6-8 years.
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Epi@Epi
5Mo
@Dirty30 The good old chicken bones...
You need a convincing story for such an increase. Do you have something in mind? Some new technology, for example?
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Dirty30@Dirty30
5Mo
@Epi can only be something like that. Maybe the combustion engines will also get a final boost 🤣 According to EW, this is supposed to be an overcyclical wave 5. The sell-off would therefore be brutal after reaching such highs.
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Epi@Epi
5Mo
@Dirty30 Hmm, so nothing concrete. I'll have to keep my eyes open then. As soon as a story becomes known to the public, half of it is usually already over.

Personally, I find the Natgas story interesting. What do the Elliot waves actually say?
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Dirty30@Dirty30
5Mo
@Epi A short-term rise to the 2.50$ region, followed by a correction to the 1.50-1.25$ zone. Unfortunately, I do not know the long-term scenario here, but I assume that it will then be similarly bullish as with oil. Oil is also expected to complete the last sell-off, into the 40-50$ region, and then move towards 250$. A correction low in Natgas and oil could be accompanied by tops in the US indices, at least according to current theories.
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Epi@Epi
5Mo
@Dirty30 Thank you. That could fit. Something in the financial system breaks - crisis - prices fall - central banks flood markets with liquidity - especially real assets rise massively. We probably wish oil wasn't at $250 when the time comes, even if we were able to profit from it...
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Dirty30@Dirty30
5Mo
@Epi Yes, because to some extent the world and we will have other problems. Nevertheless, it's interesting to see that you can kind of guess from the forecasts that big events are coming.
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Epi@Epi
5Mo
@Dirty30 It is possible that EW predicts world history. But that would only be more than just throwing bones if one assumes the same mechanisms on the stock exchange and in the world, i.e. that in both cases humans are at work, beings with certain psychophysical constants.

I assume, for example, that the 7-year cycles on the financial markets depend on the 7-year cycles of human cells.

So: let's dress warmly when oil heads towards $250 - in the truest sense of the word🥶
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Dirty30@Dirty30
5Mo
@Epi also an interesting theory. I hadn't even considered it before :D
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