This is what I am watching on the $PLTR chart now, I have white circled the bounce on the 0.5 Fib and I can see only 3 waves bounce here and then a decline, however the price has not made a new low yet.
So there will be a fight today between the bulls and bears.
Bulls want a new higher high to get our 5 waves and bears will want to make a lower low below the 0.5 Fib or test this level again.
So we need to be prepared that $PLTR can go lower than the 0.5 Fib and the next level to watch for is the 0.618 Fib at $20.18.
The most bearish scenario is the gap fill down to $17.30.