PLTR
I've decided to go short right here.
Its currently within a reverse extension 1.618 Golden Window from the first wave up.
And that is within the retracement Golden Window.
The current wave up has breached into higher liquidity above the upper ascending wedge trendline.
So as we looked at before, if it tops here it can be a head & shoulders pattern or a Wyckoff Distribution schematic 2 - depending on your preferred school.
It could yet go on to make a higher high if indexes hold up so I won't throw the sink at it here but this is a good first entry I think 👍
I've decided to go short right here.
Its currently within a reverse extension 1.618 Golden Window from the first wave up.
And that is within the retracement Golden Window.
The current wave up has breached into higher liquidity above the upper ascending wedge trendline.
So as we looked at before, if it tops here it can be a head & shoulders pattern or a Wyckoff Distribution schematic 2 - depending on your preferred school.
It could yet go on to make a higher high if indexes hold up so I won't throw the sink at it here but this is a good first entry I think 👍
Trade active:
PLTR
Nice 8% earnings dump and now it looks like that might be the right shoulder / LPSY retracement top.
The dump will leave a gap tomorrow and so there may be a bounce but obviously this is an ideal start to this trade 👍.
Nice 8% earnings dump and now it looks like that might be the right shoulder / LPSY retracement top.
The dump will leave a gap tomorrow and so there may be a bounce but obviously this is an ideal start to this trade 👍.
I'm taking a break from TradingView but you can find me every day in my Telegram Trading Group 🧐
Priority trades, round the clock updates and a 1 hour technical video per week 😼.
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Priority trades, round the clock updates and a 1 hour technical video per week 😼.
$50 per month 👍🏻.
Contact: t.me/dRends35
This could trickle up but I will hold my short for quite a while from here unless something significant happens to the upside.
Indexes are in a ratio area where they might roll over.
If they do, then PLTR will likely drop like a stone.