"A Dangerous Tool" - Palantir Rally Ends w/ 6.66:1 Short

BATS:PLTR   Palantir Technologies Inc.
A detailed look at the weekly price action history of PLTR indicates that the recent rally has come to end ... but I've been wrong before, so I welcome your tough questions and chart-based counterarguments. The strongest confluence supporting my conclusion is the simultaneous retest of the Euler Trend Exhaustion Limit and the 2nd Standard Deviation of the VWAP anchored at the Swing Low.

As always, I strive to render these ideas of mine so obviously that their explanation will require no words, and this forecast is no exception. My trading tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION.

In this case, it is the last of those, TREND EXHAUSTION, and specifically the use of Euler's number as a ratio in the Pitchfork to estimate the major inflection points in advance, that makes this chart unusual, and explains why it must be viewed in the weekly timeframe. This technique has appeared before (Bluzelle, for example) and will appear again in my ideas and videos.

Notice how price interacted with the Limit before, when it passed thru it for the first time in August of 2022 ...

The Short position is placed in the future, as I expect price to range and even retest the aforementioned AVWAP one last time before falling into the trade. If you zoom in carefully, you will notice that the Stop Loss and Profit targets are discretionary and based on dynamic levels within the AVWAP Array.

The Risk:Reward ratio is arbitrary, and 6.66 is merely a measure of my esteem for this beastly "business" and the product that it sells. As Gandalf said, "If all the Seven Stones were laid out before me now, I should shut my eyes and put my hands in my pockets."

The overlapping S-Curves indicate a price squeeze followed by a breakout, which I anticipate will be upward. If price rise to the highest potential shown, that would only improve the Short entry as opposed to negating my opinion, which is, of course, subjective.

The fact that this company and others like it (BAH, for example) are so enthusiastically traded by a sheltered public foretells of a troubled future, which I look forward to discussing in forthcoming livestreams. Again, I welcome your best questions.

Until then, be liquid !!!

. . .

Adrian Dyer,
Chief Strategist and Impresario at The Leading Indicator