PLTR - Time To Short

PLTR

I've decided to go short right here.

Its currently within a reverse extension 1.618 Golden Window from the first wave up.

And that is within the retracement Golden Window.

The current wave up has breached into higher liquidity above the upper ascending wedge trendline.

So as we looked at before, if it tops here it can be a head & shoulders pattern or a Wyckoff Distribution schematic 2 - depending on your preferred school.

It could yet go on to make a higher high if indexes hold up so I won't throw the sink at it here but this is a good first entry I think 👍

İşlem aktif:

PLTR

Nice 8% earnings dump and now it looks like that might be the right shoulder / LPSY retracement top.

The dump will leave a gap tomorrow and so there may be a bounce but obviously this is an ideal start to this trade 👍.

Yorum:

Market bouncing but PLTR looks weak.

This could trickle up but I will hold my short for quite a while from here unless something significant happens to the upside.

Indexes are in a ratio area where they might roll over.

If they do, then PLTR will likely drop like a stone.

İşlem kapandı: hedefe ulaştı:

PLTR

May continue lower and even much lower but its hanging around this area quite a while so I will take profit and cover my short here. No need to get greedy on the short side 😇.