$PLTR is down -4% in the PM now and down to $64 but many sectors are down in the PM right now and Tech seems to be the most affected so far.
50 Day MA has been lost now but there has been no retest from below yet at $66, which is what we always like to see to show that this MA has been flipped to resistance.
If the trend continues downward from here then the first test is the Green Fib at $57, losing this level and the Wave 4 impulse possibility starts getting ruled out below this level.
$54 and $45 then come into play on the Red Fib support levels for an ABC correction.
Below $45 is where I would consider adding again.
Alex X.
2025-01-22 06:07:25 +0000 UTCDiegoTheSabre17
2025-01-14 15:12:58 +0000 UTCGareth Neary
2025-01-14 00:56:11 +0000 UTCDiegoTheSabre17
2025-01-13 18:43:59 +0000 UTC