We have Bottom out within a Channel near a 78.6% Retrace and now are Breaking Through a Supply Line which may now lead to us Reaching up to a 1.272 Fibonacci Extension to Complete an AB=CD Movement.
Hello trader, Nice weekend and profitable deals 💲 NYSE:PLTR 4h ⬆️ Why is my gaze directed south: ✔️ PLTR is above strong support ✔️ PLTR broke the downward channel ✔️ PLTR is in the area of 2 Trend Based Fib-Time ✔️ PLTR has achieved the goal of the rising wedge ⛔ STOP and 🤑 Take Profit see in the chart I would like to mention that all I...
Looking for potential continuation sell on this pair. Price broke thru the inner trendline and is currently in the 38.2% fib zone for the move down. If price respects this level, I anticipate a roughly 178 pip move to the down side to complete the entire move. Price could potentially go back to .862XX area. Will hold and trail SL if we make the move to the downside.
Waiting for price to retrace between 38.2% and 50% fib level for rough ~141 pip buy.