What's In The Box? An observance Of PLTR Price action patterns.
Here we have a fib channel. I have removed most of my other levels and only left the relevant ones in order to clean up this idea.
It appears there is a pattern to PLTR price action under certain conditions.
When PLTR is oversold on the RSI(see light blue line the blue arrows point to) and rejects the 707(pink line) channel level it retraces to the 382(light green line) level, bounces and proceeds up to the golden pocket(orange and yellow lines) where it rejects and then breaks down below the 382.
NOTE: I noticed this earlier in the day while the market was open but did not chart it out and publish until after I left the gym. The price action in the after market has brought it down almost to the 382 level mentioned. Close enough to bounce even. Let's see if this pattern plays out.
This is not financial advice or a "play."
#PLTR #Palentire #AI
It appears there is a pattern to PLTR price action under certain conditions.
When PLTR is oversold on the RSI(see light blue line the blue arrows point to) and rejects the 707(pink line) channel level it retraces to the 382(light green line) level, bounces and proceeds up to the golden pocket(orange and yellow lines) where it rejects and then breaks down below the 382.
NOTE: I noticed this earlier in the day while the market was open but did not chart it out and publish until after I left the gym. The price action in the after market has brought it down almost to the 382 level mentioned. Close enough to bounce even. Let's see if this pattern plays out.
This is not financial advice or a "play."
#PLTR #Palentire #AI