Classic WXY formation. PLTR.
The current uptrend should end around $31, at 0.618 fib line of the W wave.
Then we can expect a downtrend to around $10 as my preliminary buy target.
The current uptrend should end around $31, at 0.618 fib line of the W wave.
Then we can expect a downtrend to around $10 as my preliminary buy target.
Comment:
This may try to retest $31 even after today's drop. If you are patient, the weak hands will sell all the way down to $10. Wave Y may last through mid 2022.
Comment:
Movement in recent days makes it very likely that PLTR is on its way to $9.