#PALLADIUM

In Friday’s post on Palladium, we highlighted a dark cloud cover forming after a strong bullish bounce, signaling that bulls were losing momentum. 

The engulfing candle retraced more than 50% of Thursday’s range, indicating that bears were stepping in with strength to potentially reverse the recent upward move seen over the last few weeks. 

This candle marked a shift in sentiment, as sellers began to challenge the bullish control. As anticipated, the bearish setup played out, and today we saw further downside confirmation with a bearish marubozu candle, reflecting decisive selling pressure with no significant pushback from buyers. 

This follow-through solidifies the bearish reversal, as momentum now appears to be shifting in favor of the bears.

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