Palantir Update
Palantir made a new high on Friday which could mean a couple of things. According to the white count, the first is that the wave (iv) was really short and shallow. If the relationship between wave (ii) and (iv) is to be standard, then this is most likely NOT the case. Should the white count prevail, then we would ideally target the 1.0 @ $57.07 to conclude wave 3 before kicking off wave 4, targeting the 0.786 @ $43.16.
The turquoise labels suggest that we're within wave (iii) still. If this is the case, then then we would still target the 1.0 followed by a drop to the 0.786. The main difference is what degree the count is in, and what comes next. If turquoise prevails, then I would expect it to follow the turquoise line to conclude wave 3 before wave 4 would ideally take us back down to the area of the 1.0 @ $57.07.
In short, the white wave 3 targets the 1.0 @ $57.07, while the turquoise count targets the 1.382 @ $93.95 for the conclusion of wave 3. We will know in the days / weeks to come, but these two counts are the most probable to me at this time. Both have the same longer-term target; they just differ on how we get there.
The turquoise labels suggest that we're within wave (iii) still. If this is the case, then then we would still target the 1.0 followed by a drop to the 0.786. The main difference is what degree the count is in, and what comes next. If turquoise prevails, then I would expect it to follow the turquoise line to conclude wave 3 before wave 4 would ideally take us back down to the area of the 1.0 @ $57.07.
In short, the white wave 3 targets the 1.0 @ $57.07, while the turquoise count targets the 1.382 @ $93.95 for the conclusion of wave 3. We will know in the days / weeks to come, but these two counts are the most probable to me at this time. Both have the same longer-term target; they just differ on how we get there.
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
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