Short
PLTR Analysis: Wave 5 Reaching Its Peak
Updated
Don't get carried away by the hype. 📉 We're currently in wave 5 of the Elliott Wave cycle, where the market sentiment is at its highest, and those who invested earlier have already secured gains of over 150% 💰.
Ask yourself—will these investors hold or start taking profits? 🤔
Historically, when a stock is all over the news, it signals that we're nearing the top. 🚨
🔴 RSI Alert: The RSI is extremely high, and we are entering a phase of extreme greed.
This is a classic sign that a reversal may be on the horizon.
We're now in the distribution phase, where smart money is selling before the blow-off phase begins.
Be ready for a potential correction and retracement. ⚠️
📊 Key Takeaways:
We're in wave 5 of the Elliott Wave cycle.
RSI is high, signaling overbought conditions.
The extreme greed phase could lead to a sharp pullback.
Monitor for signs of a blow-off top and be cautious of overexposure.
Stay vigilant and watch the levels closely.
This could be a turning point! 📉
Disclaimer: I'm not a financial advisor.
This analysis is for informational purposes only. Always do your own research before making any investment decisions.
#PLTR #ElliottWave #RSI #StockMarket #ExtremeGreed #InvestSmart #TechnicalAnalysis #MarketPsychology #TradingView
Ask yourself—will these investors hold or start taking profits? 🤔
Historically, when a stock is all over the news, it signals that we're nearing the top. 🚨
🔴 RSI Alert: The RSI is extremely high, and we are entering a phase of extreme greed.
This is a classic sign that a reversal may be on the horizon.
We're now in the distribution phase, where smart money is selling before the blow-off phase begins.
Be ready for a potential correction and retracement. ⚠️
📊 Key Takeaways:
We're in wave 5 of the Elliott Wave cycle.
RSI is high, signaling overbought conditions.
The extreme greed phase could lead to a sharp pullback.
Monitor for signs of a blow-off top and be cautious of overexposure.
Stay vigilant and watch the levels closely.
This could be a turning point! 📉
Disclaimer: I'm not a financial advisor.
This analysis is for informational purposes only. Always do your own research before making any investment decisions.
#PLTR #ElliottWave #RSI #StockMarket #ExtremeGreed #InvestSmart #TechnicalAnalysis #MarketPsychology #TradingView
Note
Ryan D. Taylor, Chief Revenue Officer and Chief Legal Officer, on October 04, 2024, sold 195,500 shares in Palantir Technologies @ PLTR for $7,820,704
Curious why he sold so many shares… Could it be that we’ve hit the peak, and a 30% drop is on the horizon? 😏
Interesting
Trade closed: stop reached
Disclaimer
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