PLTR - This isn't over yet...
Dear subscribers, let's come together again to discuss the recent drop in Palantir.
PLTR
In the past two articles of December 13 and January 7, we warned several times of a massive sell-off in Palantir.
Due to the massive weakness of the indexes in the last week, Palantir has now accelerated its sell-off.
On some days it went down more than -10% and we managed to reach a price level of $11.75 in the past few days.
However, the current movement gives us reason to suspect that Palantir has extended its impulsive wave 3 in this movement and is now starting a corrective wave 4.
This recovery should bring us back to the region of 15$-17$. However, we expect this recovery to be followed by another correction which will take us to our long term target of 10$.
As soon as we have reached this price level, there will be massive opportunities for investors, Palantir has the potential to reach up to $80 in the next few years.
Warning:
It is possible that Palantir has built a complex downside structure and we do not form a clean downside impulse. (1-2-3-4-5)
There is a possibility that a complex WXY structure or even more complex structures are in place. If our suspicions are confirmed we will notify our subscribers of this circumstance.
See our past articles on Palantir, forecasting the price movements of the last weeks.
PLTR
In the past two articles of December 13 and January 7, we warned several times of a massive sell-off in Palantir.
Due to the massive weakness of the indexes in the last week, Palantir has now accelerated its sell-off.
On some days it went down more than -10% and we managed to reach a price level of $11.75 in the past few days.
However, the current movement gives us reason to suspect that Palantir has extended its impulsive wave 3 in this movement and is now starting a corrective wave 4.
This recovery should bring us back to the region of 15$-17$. However, we expect this recovery to be followed by another correction which will take us to our long term target of 10$.
As soon as we have reached this price level, there will be massive opportunities for investors, Palantir has the potential to reach up to $80 in the next few years.
Warning:
It is possible that Palantir has built a complex downside structure and we do not form a clean downside impulse. (1-2-3-4-5)
There is a possibility that a complex WXY structure or even more complex structures are in place. If our suspicions are confirmed we will notify our subscribers of this circumstance.
See our past articles on Palantir, forecasting the price movements of the last weeks.
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
We can assume that the short recovery in the form of wave (iv) is over and we have started the last downward impulse in the last few days.
The volatility of the movement suggests a wave 3 and the minimum target lies at the 1.618 retracement at 10.86$. It is very likely that we will even fall below this line in the next few hours. This movement will be followed by a small upward wave 4 and finally we will start the final move towards 10$.
We want to provide hope to all desperate investors out there, because we are close to the completion of the big wave (II).