The anatomy of an Asset bubble (PALLADIUM)
As shown in the chart, ive been talking about a palladium bubble for a very long time now. Now we can see the result of investor greed and momentum investing gone sour.
At section #1, the BIG parabolic move indicating we are close to the top.
#2, the loss of momentum, smart money has sold into the strength, the new high is created by greedy investors.
#3 A quick flash crash followed by a ''return to normal''. This final section were seeing now also reffered to as a ''bulltrap'' tends to fool many investors and for good reason, the volatility is astounding.
Be careful has as the retrace is mostly over, get ready to continue shorting as another down leg (#4) is almost sure to ensue.
At section #1, the BIG parabolic move indicating we are close to the top.
#2, the loss of momentum, smart money has sold into the strength, the new high is created by greedy investors.
#3 A quick flash crash followed by a ''return to normal''. This final section were seeing now also reffered to as a ''bulltrap'' tends to fool many investors and for good reason, the volatility is astounding.
Be careful has as the retrace is mostly over, get ready to continue shorting as another down leg (#4) is almost sure to ensue.
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