SamSuka
The Long Investor
The Long Investor

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$PLTR TOP 20

$PLTR has not convincingly held at any support yet and is working its way down to the 0.618 Fib at $20.16.

Remember this is not a wave 4 pull back, where we normally expect wave 4's to pull back to the 0.38 Fib.

This is a wave 2 pull back, so we typically see the pull back to between the 0.5 - 0.618 Fib....with the 0.618 Fib being the sweet spot.

The 200 Day MA is also moving up slowly to offer assistance.

Still no more buys for me yet until I see support but enjoying the move down to get cheaper shares.

I have only completed one buy of $PLTR so far and still have 4 more to complete my strategy.

$PLTR TOP 20

Comments

I understood that yes, but I wanted to confirm. Thank you

Juan Pablo

This is NOT a wave 4 pull back*

Gareth Neary

so?

Juan Pablo

Sorry, it was not clear to me. Is it a wave pull back 4 or 2?

Juan Pablo


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