Chart of the day

Palladium is reaching 860 after a steep fall from the 3500 top five waves down. At this point, we need to see a break above 1050 for a reversal upside.

We need to see a break below 860 for a new downside extension to happen. I see this as a terminal fifth long-term wave finish. A break above 1050 will accelerate the reversal upside to 1500 and possibly higher.

_{Look for the long trade entries with a stop loss below 980 upon a clear break above 1050. I see this as an ending triangle with a move above 1050 to trigger an upside breakout.}