Big week for $PLTR and we documented it, hard rejection at the $17.15 line after going parabolic and getting to our Wave 1 target months ahead of my conservative projection. Like I said during the week, this has brought my Wave 5 target forward now and it may come forward again, depending how its Wave 2 count behaves.
As always, the Wave 2 zone is always between the 0.5 - 0.78 Fib levels....in this case, the gap fill would just be below the 0.78 Fib, there is also a large gap here....I do not think the market could ignore this.
But let's see how this Wave 2 develops, buyers really stepped in to $PLTR.