Long
Palantir: Long
Updated
NYSE:PLTR
Looking at a lovely long opportunity for Palantir. Imbalances have to be filled up at the 13.8 region but before we head there through downtrend, I'm largely expecting that it fills up the minor imbalances at 16.41 region. It works out perfectly that if we spread the Fib from bottom to top of region, it falls at the .32 region which may not always be the perfect region of supply but, may prove nicely with a good SL here.
Overall, the trade is a solid 19:1 RR opportunity.
Looking at a lovely long opportunity for Palantir. Imbalances have to be filled up at the 13.8 region but before we head there through downtrend, I'm largely expecting that it fills up the minor imbalances at 16.41 region. It works out perfectly that if we spread the Fib from bottom to top of region, it falls at the .32 region which may not always be the perfect region of supply but, may prove nicely with a good SL here.
Overall, the trade is a solid 19:1 RR opportunity.
Note
Trade technicals are running very well. Definitely a change in trend on 4 HRTrade active
Entry was hit but was stopped out before a bounce. Will see for a possible reentry.Trade closed manually
Won't force a play. We will move on:(
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