Be Patient and Wait for the Big Drop.
Updated
Classic WXY formation. PLTR.
The current uptrend should end around $31, at 0.618 fib line of the W wave.
Then we can expect a downtrend to around $10 as my preliminary buy target.
The current uptrend should end around $31, at 0.618 fib line of the W wave.
Then we can expect a downtrend to around $10 as my preliminary buy target.
Note
This may try to retest $31 even after today's drop. If you are patient, the weak hands will sell all the way down to $10. Wave Y may last through mid 2022.Note
Movement in recent days makes it very likely that PLTR is on its way to $9.
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.