PLTR consolodation then break (up or down)

I'm just guessing at the bottom trendline, at this time. However, it looks like we are consolidating and will tighten up until we break. So far, we're holding short (61.8 at top of wedge). we could also retrace all the way back to the $11.00 and hold the bigger long. Hope you find this helpful!
Chart PatternsTechnical IndicatorsTrend Analysis

Disclaimer