I want to bet the farm

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This is the issue with selling an uptrend, profit has to be taken before target's been reached.


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That was a rookie PA mistake Romik (not calling you Rookie, just the action), however it seems you learned from that mistake, which is the true definition of experience, learning from mistakes.

If you have an uptrend and you short because you have technical reasons to believe a PULLBACK, not reversal (that would be dumb) is coming, then you cannot disrespect the previous Higher Lows until they break, once they do you can most likely expect market to TRY to print a new one higher than the last subsequent HL to the left of where the last HL broke.

Horizontal line depicts the broken HL, rectangle depicts the HL that preceeded it, yellow marking depicts where to expect a new HL reaction to occur which is where you need to AGGRESSIVELY take profits and get long back in the trend, as long as that HL test holds.
 
Thanks for the post. Looking at it now I know I 'suckerpunched' myself on this one. I was waiting on a reversal pattern, but it was a case of 'touch and go'.
 
The fundamentals are good for Palladium, 1.6 million ounce deficit last year and continuing in deficit this year - although I believe you said that you are not a fundamental investor, so I guess you must be looking at the price action.

Perception of fundamentals is within charts.
 
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