PALANTIR: Details Adjusted, Targets confirmed
By:TradingView
Palantir has recently faced increased upward pressure, prompting us to make a slight adjustment to the subordinate wave count within the ongoing downtrend (and, in this context, to shift the end of the last uptrend to the peak at $222). Despite this, we continue to view the current bearish phase as a three-part structure and now consider the first of the three major stages complete. We have also closed the remaining half of our most recent short trade in profit and converted our former green Target Zone on the weekly chart into a blue Long-Term Entry Range (coordinates for market analysis subscribers only). In addition, we have introduced two new alternative scenarios.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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