Since CPI figure came out higher than expected, chances are FED will raise interest rates to tackle inflation. We all know what happens to the markets afterwards after such intervention.
$PLTR + 21.16% is a solid growth compared to other stock dynamics for today. Price actually stayed up there and made our daily close.
Body / Range ≈ 60% (confident)
There is a gap meaning that Buying Pressure is significant considering gap. Whatever caused it, it happened in premarket.
BP grew, SP fell.
I assume there was a positive fundamental that caused the pump. Volume 2x increase than of previous day confirms that. But looks like first hand insiders were aware about that and were buying already 2 months ago. Those guys might take advantage of current price and make a selloff shaping our chart the way it is.
FREMA:
At supply zones, however bspST didn't close the entry at the bottom of current wave.
Automatic Elliott:
Shows correction but we know that 5th wave should be a little longer. Besides, how would fixed code know what's behind previous impulsive bullish wave.. What if it was emerged on serious grounds that would keep the bullish incentive going.
In the other hand we know that the steeper it goes to one direction, the counterforce actually accumulates for opposite move. (whether it's a correction or reversal)
Fractals:
Reverse H&S:
Raw PRICETIME TABLE:
Considering 2 years of intensive sale, I believe opposite force has been freed under some positive fundamental that made people overoptimistic.
Since I hate risking my capital buying on top, I'd rather wait for a correction and only then I'd enter due to its distinctive momentum. It will take time for FED to intervene to crash market, so it has time to actually rally. Moreover, if people saw double top formation and did just a little of bit of selling. o_-
$PLTR + 21.16% is a solid growth compared to other stock dynamics for today. Price actually stayed up there and made our daily close.
There is a gap meaning that Buying Pressure is significant considering gap. Whatever caused it, it happened in premarket.
I assume there was a positive fundamental that caused the pump. Volume 2x increase than of previous day confirms that. But looks like first hand insiders were aware about that and were buying already 2 months ago. Those guys might take advantage of current price and make a selloff shaping our chart the way it is.
At supply zones, however bspST didn't close the entry at the bottom of current wave.
Automatic Elliott:
Shows correction but we know that 5th wave should be a little longer. Besides, how would fixed code know what's behind previous impulsive bullish wave.. What if it was emerged on serious grounds that would keep the bullish incentive going.
In the other hand we know that the steeper it goes to one direction, the counterforce actually accumulates for opposite move. (whether it's a correction or reversal)
Fractals:
Raw PRICETIME TABLE:
Considering 2 years of intensive sale, I believe opposite force has been freed under some positive fundamental that made people overoptimistic.
Comment:
Patterns curving while approaching blue zone.