Those that view the message of the market on a daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to explain trading noise as a meaningful trend. This confuses the majority which, in turn, contributes to their role as bagholders of trend transitions.
P > 0 and REV > 0 define a focused up impulse (chart). This is bullish.
Matrix
Palladium has been a focused bull opportunity since November. This opp has recorded a 36% and 203% annualized and max annualized return for the bulls, respectively. It's been an excellent trade for the bulls.