It seems like many traders are watching this 3980 area. There's no reason this couldn't happen. This pattern is a good example of what PA can do here. I certainly won't be marrying my positions.
Here's a cheeky fractal I'm keeping an eye on. As you can see, there is messy head and shoulders-ish PA happening on this timeframe, and it is unclear whether the neckline is broken already or if the pattern is even valid. The right "shoulder" looks pretty sad to me. I do expect volatility to compress horrendously, just like we saw through June and July of...
XLM is testing 18c resistance again as support. Here are the resistance levels she needs to break through in a bullish scenario.
Price hasn't broken resistance convincingly. We may need to test support again before breaking 18c.
XLM is finding support on higher volume. I'm watching for a convincing break of resistance, or a strong reaction at the green dashed support line.
When will PLTR break out of this wedge? Early next week is my guess. Strong reactions at support and resistance. Still floating well above the strong trendline support (Green line)