$PLTR TOP 20
Added 2023-03-10 20:22:13 +0000 UTCOn our previous chart, I had Wave C (in red) topping out at $11.70 at the blue line, it is possible that after the parabolic move on the 13th of Feb, this completed Wave C. As we know, we do not like parabolic moves and it immediately pulled back to close the gap, now the market has taken a turn bearish and it has put severe pressure on $PLTR, all this with the AI craze subsiding as the attention now focuses on the financial industry.
The Blue line remains the same and below this line at $7.20, we are into the buy zone. I would be in no rush here however, if this is the start of the 5 waves down, as we enter Wave 3, there is still a lot more downside.
With a lot of stocks at the moment, there is no need to rush anything while the market is losing its footing, more volatility expected next week and beyond.
Comments
Alright!
Richard
2023-03-11 20:24:19 +0000 UTCBlue line is the invalidated line.
Gareth Neary
2023-03-11 20:17:45 +0000 UTCSo we've started that wave 3 down and bull sace is basically invalidated?
Richard
2023-03-11 20:16:18 +0000 UTCOh I see a comma .. hmm
TommyJR
2023-03-10 21:01:43 +0000 UTCCheck ...BEAR CASE INVALID BLUE LINE ? 😉
TommyJR
2023-03-10 20:59:49 +0000 UTC
