PLTR - Long Entry Zones & Possible Reaction Profit AreasHere’s what the RDTS is revealing for PLTR:
Strategy 1:
This move will most likely stall around 14-16 and spend 1-2 weeks in this range. From there it will roll over.
Little tough to project where it will find “support” on the downside move. At this time we are preparing to start to DCA around 6-7.
For it to get to this range momentum will have to shirt short, this will also cause the RDA to level out.
Strategy 2 (aggressive)
This strategy is based on the expectation that the value range between 6-11 is going to hold and the price action we see right now is a not a false break from this range.
In this scenario, entries are at area 2 outlined on chart.
If price does not reach the 15-16 zone then and pulls back then 15-16 is first target profit zone.
If BIAS and MOMENTUM remain LONG then there are 2 ultimate targets. 26 and 29-30. From there I anticipate it will sell off fierce and hit 16 again.
Timeframe for all these, who knows, we trade charts as they unfold. I’ll update if I enter a trade here and my trade management takes 20-30 seconds.
The RDTS is a predictive always in trade system. We base our trades on the momentum of the market (white & orange) indicators thru rules reveals the momentum of the market. For BIAS, LONG or SHORT we use the RDA (yellow) . This is a free indicator you can add to your own chats.
From there the RDTS is based on concise and clear price action rules. I can’t stress enough, the system is a prediction system, it predicts on a chart where to look for reactions. We trade around these reactions.
Ask questions or share thoughts below, I will respond.
