🔍 Market Structure & Price Action (1H)
* Trend: Bearish structure confirmed. PLTR has broken previous bullish BOS (Break of Structure) and is forming lower highs and lower lows.
* Current Zone: Price is consolidating in a tight red Reversal Zone near ~$84.50, showing buyer hesitation.
* Descending Channel: PLTR is respecting a well-defined descending wedge. A breakout above the upper trendline (around $86–87) is needed to confirm bullish momentum.
* S/R Levels:
* Immediate Resistance: $86.50–87.00
* Key Support: $84.00, then strong structure at $80.00.
📈 Indicators
* MACD: Momentum is flat, histogram bars weakening—indecision or early sign of reversal.
* Stoch RSI: Curving upward from the oversold region, potential short-term bounce if volume confirms.
🧠 Smart Money Concepts (SMC)
* CHoCH (Change of Character): Bearish CHoCH already occurred, confirming shift in bias.
* BOS (Break of Structure): Multiple BOS reinforce downward trend.
* Liquidity Sweep: Price hovering near potential liquidity zones (below $84), suggesting big players might be hunting stops before reversal or breakdown.
📊 Options GEX + Sentiment (Options GEX [PRO])
* IVR: 68.2 (relatively elevated, implies decent premium selling opportunities)
* IVx avg: 90.7, shows heightened volatility priced in.
* Call$/Put$ Flow:
* Calls: 31.6%
* GEX Sentiment: 🔴🔴🔴 (3 Red Dots = Bearish)
* Gamma Exposure (GEX):
* Highest negative GEX zone (PUT wall support): $80.00 → strong magnet if breakdown continues.
* Moderate Put wall: $84.00
* Strongest Call Resistance / Gamma Wall: $92.00–$98.00 (above the descending channel)
* HVL: $85.83 → Heavy volume level, confluence zone for key decisions.
⚔️ Trade Scenarios
🟢 Bullish Reversal Scenario
* Entry: Break above $86 with bullish volume
* Target: $89 → $92 (short-term), then $98 if momentum builds
* Stop-Loss: Below $83.50
* Options Play: Buy Calls 2–3 weeks out ATM (
85C or $87C) or credit put spreads around $80–$82
🔴 Bearish Breakdown Scenario
* Entry: Break below $84 support with volume
* Target: $82 → $80 (major GEX support)
* Stop-Loss: Above $86
* Options Play: Buy Puts (
82P or $80P), or bear call spreads under $90
📌 Conclusion
PLTR is at a make-or-break zone near strong support. If it holds $84 and breaks the trendline, a short-term relief rally toward $92–$98 is possible. However, if $84 gives way, the GEX-supported magnet at $80 could be the next stop. Watch volume and MACD crossover for early clues.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk.
* Trend: Bearish structure confirmed. PLTR has broken previous bullish BOS (Break of Structure) and is forming lower highs and lower lows.
* Current Zone: Price is consolidating in a tight red Reversal Zone near ~$84.50, showing buyer hesitation.
* Descending Channel: PLTR is respecting a well-defined descending wedge. A breakout above the upper trendline (around $86–87) is needed to confirm bullish momentum.
* S/R Levels:
* Immediate Resistance: $86.50–87.00
* Key Support: $84.00, then strong structure at $80.00.
📈 Indicators
* MACD: Momentum is flat, histogram bars weakening—indecision or early sign of reversal.
* Stoch RSI: Curving upward from the oversold region, potential short-term bounce if volume confirms.
🧠 Smart Money Concepts (SMC)
* CHoCH (Change of Character): Bearish CHoCH already occurred, confirming shift in bias.
* BOS (Break of Structure): Multiple BOS reinforce downward trend.
* Liquidity Sweep: Price hovering near potential liquidity zones (below $84), suggesting big players might be hunting stops before reversal or breakdown.
📊 Options GEX + Sentiment (Options GEX [PRO])
* IVR: 68.2 (relatively elevated, implies decent premium selling opportunities)
* IVx avg: 90.7, shows heightened volatility priced in.
* Call$/Put$ Flow:
* Calls: 31.6%
* GEX Sentiment: 🔴🔴🔴 (3 Red Dots = Bearish)
* Gamma Exposure (GEX):
* Highest negative GEX zone (PUT wall support): $80.00 → strong magnet if breakdown continues.
* Moderate Put wall: $84.00
* Strongest Call Resistance / Gamma Wall: $92.00–$98.00 (above the descending channel)
* HVL: $85.83 → Heavy volume level, confluence zone for key decisions.
⚔️ Trade Scenarios
🟢 Bullish Reversal Scenario
* Entry: Break above $86 with bullish volume
* Target: $89 → $92 (short-term), then $98 if momentum builds
* Stop-Loss: Below $83.50
* Options Play: Buy Calls 2–3 weeks out ATM (
85C or $87C) or credit put spreads around $80–$82🔴 Bearish Breakdown Scenario
* Entry: Break below $84 support with volume
* Target: $82 → $80 (major GEX support)
* Stop-Loss: Above $86
* Options Play: Buy Puts (
82P or $80P), or bear call spreads under $90📌 Conclusion
PLTR is at a make-or-break zone near strong support. If it holds $84 and breaks the trendline, a short-term relief rally toward $92–$98 is possible. However, if $84 gives way, the GEX-supported magnet at $80 could be the next stop. Watch volume and MACD crossover for early clues.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk.
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.
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.