PLTR Elliott Wave Setup: Correction Before the Next Leg Higher?

Palantir Technologies (PLTR) is showing signs of completing Wave (3) on the daily timeframe.

Here's the setup:

1. Correction Zone: Expecting a Wave (4) retracement into the $56-$62 range (0.382 Fib level).

2. Upside Targets: If the correction holds, Wave (5) targets are $96 and $106 (Fib extensions).

3. Risk Management: Stop-loss placed at $46.40 to manage downside risk if the setup fails.

Key levels are drawn, and this could offer a great risk-reward opportunity if Wave (4) aligns with the Fib zone and holds support.