Note the fractals here. There have been 2 bullish ones back to back. There doesn't appear to be anything inflicting this move as of yet. The push could very well go beyond THE GREEN arrow, but at a minimum to the 161. There is a cycle ending Aug 9th and this should trigger upside action.
Note: My charts tend to be busy, but that is due to the techniques used. I have removed many of the most important here, showing fractals, hoping that may allow some people to feel comfortable with the reasoning. Also note this is a scaled chart at 3 days, so do not expect to see a lot of movement in fast order. Will take 3 days to see candles on this chart
Note: My charts tend to be busy, but that is due to the techniques used. I have removed many of the most important here, showing fractals, hoping that may allow some people to feel comfortable with the reasoning. Also note this is a scaled chart at 3 days, so do not expect to see a lot of movement in fast order. Will take 3 days to see candles on this chart
Trade active:
800 shares bought 16.52
Comment:
good dip today... on new pattern. The yellow line (not mentioned earlier) is the line for the new cycle and typically using Gann analysis.. a new cycle is always preceded by a sharp move up or down. In this case the slight move down is a good buying opportunity to accumulate for the buyers for new swing highs. Also the baseline on the IM system is above current price action- which also signals higher prices.
Trade active:
very possible we tick down to 14.00 before a rally begins. Market is very cautious right now. The target still stands. Just be on look out for lower buying opps. Set your stops if needed.
Trade active:
PLTR making excellent support at 15.27 expecting this to be the baseline before a healthy move up.
Trade active:
Makes no difference how far PLTR wants to move down.. its all a fakeout. All indicators are providing positive price movement and the fact this is so obvious is just proving even more that any downward or significant downward price action is designed to shake out weaker hands. The lower price movement is preparation for a bigger move up. Stay vigilant.
Trade active:
PLTR looking very healthy today- good candle action
Trade active:
Solid breakout on PLTR this a.m.!!
Trade active:
PLTR gave a false breakout late Aug. However its coiling/ barcoding. Once it can get up above 16.00 I think its going to deliver positive price movement as indicated by chart.
Trade active:
PLTR fighting to hold the line. Looks good after yesterdays gap up!
Moorsc0de aka Crypt0nomics aka Zaphkiel