The Long Investor

$PLTR TOP 20

Added 2023-12-10 18:04:45 +0000 UTC

Tough week for holders this week with some small relief on Friday. There is still a possibility that the 50 Day MA is reclaimed next week and bulls have another attempt of getting one last high out of this but Wave 2 is next regardless.

This is not worth the chase here for me.

The overlapping waves since Sept is the biggest red flag for me....this is common in corrective waves or as we know in an ending diagonal, which can only be found in Wave C or Wave 5's....so like I said, there may be one more high left if it holds the 50 Day MA....otherwise, its down now to complete Wave 2.

This is no issue as we are still in an impulse wave and when Wave 2 completes....we get the wonderful aggressive Wave 3 to $40 possibly.