Long
$PLTR - Possible inverse head and shoulders
The diving board pattern played out and reached 27.50. If you exit at 27 after diving board pattern was published. congrats!
Now it looks like the right shoulder could form for the inverse head and shoulder pattern.
Neckline - $27.5
Entry - $21 to 22. (High risk greedy entry)
Stop loss - $18
Good case - $27
Best Case - $37 (if the neckline breaks.)
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
Now it looks like the right shoulder could form for the inverse head and shoulder pattern.
Neckline - $27.5
Entry - $21 to 22. (High risk greedy entry)
Stop loss - $18
Good case - $27
Best Case - $37 (if the neckline breaks.)
———————————————————
How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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.