If PLTR breaks the trend will reach 45. But at that point it
1) Fills the gap of Nov 24
2) will be 2021 high
When a (strong) trendline is broken, the market will fall equal distance or more from the trendline as from the peak to the breakpoint. I have shown multiple example on Nasdaq from the past.
1) Fills the gap of Nov 24
2) will be 2021 high
When a (strong) trendline is broken, the market will fall equal distance or more from the trendline as from the peak to the breakpoint. I have shown multiple example on Nasdaq from the past.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.