Nice, impulsive selling following the break of the 1885 support level today, trigger a sell signal on /PA & PALL which opens the door to the first target at 1800 on /PA and 170.80ish on PALL. I might add this as an official trade soon & if so, exact price targets & suggested stop(s) will follow. 60-minute chart of /PA & daily chart of PALL below.

It would certainly help the case for additional downside in palladium if the equity market was to trigger a sell signal soon via breakdowns of those 60-minute wedge patterns on the major indexes. If that doesn’t happen by the time /PA reaches 1800, it would be prudent to either book profits there or lower stops at that point if holding out for a drop to the 1742ish target (or beyond).