$PLTR TOP 20
Added 2023-12-24 18:12:07 +0000 UTCI think we need to call it that we are in Wave 2 here now.
The price rejected at the yellow line, which confirms the lower high, it has also struggled to get back above the 50 Day MA and Wave 1 extended to the 3.272 Fib at $21.63 (we also just saw that $ABNB also extended to its 3.272 Fib for its Wave 1 too and rejected)
The 200 Day MA is splitting though the 0.5 and 0.38 Fibs now which may stop this coming down lower to the perfect pull back area of around $12.....this certainly would be a nice treat to buy this at $12 but the 200 Day MA will be a very important test level.
Big picture, this is still not a buy right now and I see more downside.....but overall, this is still an impulse wave and I see a lot of upside over the next 18 months.
Comments
Looking an opportunity to enter here
makis
2023-12-24 19:35:30 +0000 UTC
