PLTR: Encoded Wave Replication I

988
As bullish wave gets mature on the way up, it draws distinctive tops in a way that warns of bullish exhaustion ahead because to some extent topologically highs indicate a registered rejection of moving further in a local scope (some period).

Scalable Recursive Patterns
  • If we pay attention to building blocks on smaller scale snapshot
  • Those patterns replicate in bigger scale for example
    snapshotsnapshot


If the pattern really carries the identified encoding, I'd pay attention to how price retraces within fibonacci channel which is adjusted to the direction of fractal cycle in a clean version. snapshot

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.