$PLTR wave theory update
Hey Guys, got a request to update PLTR so here it is.
If not for the mixed shelf news Friday I would consider labeling this correction as a simple zig zag already near completion. In that case the (i) would be an (a) and the (v) that we are nearing would be a (c) and our correction would be close to complete. THIS IS A POSSIBILITY. SO THE BULL COUNT SAYS THAT WE ARE REALLY CLOSE TO BOTTOM AND WILL GO INTO WAVE 3 LAUNCH SOON.. Be mindful of that.
What I am favoring, because of that news, is now that we are still in wave A of the zig zag. The mixed shelf news will take this thing lower then the 161.8 extension making this an impulse to the downside, and we are looking for our wave (v) bottom. From there we should see a 3 swing up, and then another impulse down for our wave 2. If this occurs then we will engage the rippy rippy mode boosters somewhere above 20.55. This is invalidation for this count and if we cross that level this stock is still looking for cycle wave II bottom.
Now, how do we trade this guy since it is an interesting corrective count? Well, bulls just go ahead and buy this dip from the news, bottom is sooner then later so don't try to pick exact bottom. Especially since bottom could actually be right now regardless of the mixed shelf. When I like a stock I just buy on the 3 swings down and it if goes into a 7 swing you can always get more. Just don't buy weeklies when still possibly in a corrective structure, that is gambling
Bears - just keep shorting the 3 swings up.
If not for the mixed shelf news Friday I would consider labeling this correction as a simple zig zag already near completion. In that case the (i) would be an (a) and the (v) that we are nearing would be a (c) and our correction would be close to complete. THIS IS A POSSIBILITY. SO THE BULL COUNT SAYS THAT WE ARE REALLY CLOSE TO BOTTOM AND WILL GO INTO WAVE 3 LAUNCH SOON.. Be mindful of that.
What I am favoring, because of that news, is now that we are still in wave A of the zig zag. The mixed shelf news will take this thing lower then the 161.8 extension making this an impulse to the downside, and we are looking for our wave (v) bottom. From there we should see a 3 swing up, and then another impulse down for our wave 2. If this occurs then we will engage the rippy rippy mode boosters somewhere above 20.55. This is invalidation for this count and if we cross that level this stock is still looking for cycle wave II bottom.
Now, how do we trade this guy since it is an interesting corrective count? Well, bulls just go ahead and buy this dip from the news, bottom is sooner then later so don't try to pick exact bottom. Especially since bottom could actually be right now regardless of the mixed shelf. When I like a stock I just buy on the 3 swings down and it if goes into a 7 swing you can always get more. Just don't buy weeklies when still possibly in a corrective structure, that is gambling
Bears - just keep shorting the 3 swings up.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.