/PA (palladium futures) has hit & is currently trading at the final price target (downtrend line) laid out when it was highlighted as a new trade idea & objective long entry right at the lows in the Dec 15th Swing Trade Ideas video. As with gold, silver, & platinum (all of which recently hit comparable price targets), palladium has negative divergence between price & the momentum indicators, increasing the odds for a reaction off the downtrend line.
While there’s still a decent chance that /PA can take out the downtrend line & continue to rally up to the 2140ish resistance level, swing traders should consider either booking the ~30% profit here or raising stops to protect gains if holding out for a potential run up to 2140. Screenshot from the Dec 15th video highlighting my price targets followed by the updated 120-minute chart below.
PA video screenshot Dec 15th
PA 120m Dec 29th