Lots of accumulation happened last month in the $3
Post# of 148186
For a great example of this, go to tradingview.com and plot Palladium continuous futures contract symbol PA1! Palladium's wave V doubled from 1400 last September to 2800 end of February in a series of parabolic upspikes, with 3 nested groups of 3 upspikes. Then gave it all back first week of March. These are just typical market dynamics for parabolic moves. In an earlier part of its larger parabolic wave from $500 4 years ago, Palladium wave III also doubled in six months from $800 to $1600 starting Aug 2018, but that channel was still mostly linear and it only gave back a third in two weeks. CYDY behavior this week actually looks more like the Palladium wave III mostly linear with just some parabolic blowoff on the hourly chart today, maybe gives back half or a third of this week's move. CYDY may get into double digits with something looking more like Palladium's wave V, which stretched a parabola over 6 months.