Bearish XPDUSD - 10 October 2024

EURUSD Forex

Palladium

Bearish Closed

Charts by TradingView

A Price Action Descending Triangle pattern formation on the 4 Hour time frame chart supports Palladium Bearish bias. A break of 1013.500 will support the fall towards the target of 966.250 the break of 966.250 would push the price to 934.750.

SUPPORT AND RESISTANCE LEVELS

Pivot Point 1014.833
Support S1: 1014.166, S2: 1012.833 , S3: 1012.166
Resistance R1: 1016.166 , R2: 1016.833 , R3: 1018.166

Brokers

Open account

Summary

Instrument :

Palladium

Direction :

Bearish

Pattern Name :

Descending Triangle

Probability :

66%

Entry Level :

1013.500

Activation Time :

2024-09-27 18:00

Age :

50 Bars

Progress :

73%

Close Time :

2024-10-10 06:00

Time Frame :

4 Hour

Status :

Closed

CHART ANALYSIS

MORE SIGNALS

There are no signals right now

Descending Triangle

A descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. a descending triangle can be either bearish or bullish. Traditionally, a regular descending triangle pattern is considered to be a bearish chart pattern. However, a descending triangle pattern can also be bullish.