Short

Updated

PLTR is cooked. down down down

Good Afternoon Traders,

It was a good run, but $NYSE:PLTR is now cooked at the range expected.

New high higher than the high that sent price down,
retrace levels until support.

Not looking for buys till $13 on $NYSE:PLTR

This is developing all sorts of HTF to LTF bearish divergences for confluence.
Updates once it looks like a nice buy presents.

Have a nice day.

Note

Update, That was the top.
Down only for PLTR.

you can't even see it yet on the typical finance chart seen above.

visible here.

won't trigger on indicators or look safe to others for a while in time and retrace in price yet.

Note

the past few charts are inverted.
the only relevant levels on !pltr currently are marked here.
the green arrow is preprogrammed.

Note

Education post:

this image is highlighting where retail traders are taught to place their stops.
above the most recent high to the left
the most recent high is a result of their stop loss market buy orders pushing price up.

This is why you put your stop within the range, and match the levels your using for entry, stop, and target with the time frame of relevance so your doing business within the range and not being a forced buyer or seller at the extreme lows and have it wind up stopping you then going your direction without you.

Note

I think the 2 orange levels still need to be rested again, quick mitigation & reloss or re-evaluation

Note

inverted
ltf

Note

inverted
htf

Note

needs to test and lose levels for retracement

Note

waiting for sometime on this. might take a quarter

UnknownUnicorn29592158

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UnknownUnicorn29592158