Palantir - Minor B likely started
By:TradingView
Price is down in the overnights to the $151 area. This means that a top for minor A is likely in and we have begun our descent to the minor B target box that goes from $138-$132 region. That is if it is to be standard of course. The turquoise pattern, however unlikely, cannot yet be ruled out. For this reason, it cannot be removed from the chart yet.
The move lower to the target box should ideally present as a 3-wave move. There is a chance that a triangle forms, though. However, I like simple, so unless a triangle begins to rear its head I will go with a simple abc pattern lower.
The move lower to the target box should ideally present as a 3-wave move. There is a chance that a triangle forms, though. However, I like simple, so unless a triangle begins to rear its head I will go with a simple abc pattern lower.
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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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