$PLTR TOP 20
Added 2024-03-17 15:25:03 +0000 UTCShowing signs now that our Wave 5 is complete here and we are moving down in a corrective wave manner which aligns with our projection and I have added in the ABC count here to give us further guidance.
I have added the 1hr chart above because it shows the loss of the 50 and 200 MA, the price action is approaching the 0.38 Fib now at $23 so a bounce is due soon for Wave B, before pulling back to complete Wave C, this is what I am seeing now.
The 0.5 Fib at $21.60 would be our target.....but bare in mind that the Wave 2 pull back towards the end of 2023 only pulled back to the 0.38 Fib and not the typical 0.5 - 0.618 Fibs much lower.
I will watch for this closely.
