Palantir: Reverse Gear and next targets 🚴📉

Analyzing Palantir Technologies from its count starting in December, 2022, we've seen the development of a 5-wave cycle, concluding with the overarching Wave (1).

Currently in a Wave (2) correction, the complexity lies in an overshooting flat. A closer look reveals the start with a downward A using an overshooting flat, followed by a WXY towards an ABC correction for the overshooting Wave B.

Now, a five-part correction downwards is expected for Wave 5/C/(2).
Anticipated to fall between 50% and 78.6%, it must be below the Wave A, given the overshooting nature of Wave B.

Consequently, our crucial buying zone is situated between $12.50 and $8.75. 🚀

Trade active:

The market gave us another good movement towards our price targets and we are confident, that we will see this levels soon. We are 7 % in profit since entry and will move our SL to break even soon.

We will keep you updated.