Long
$PLTR huge ABC correction after 2 elliot waves
Please see the possible formation of 5 ELLIOT wave of 4h or a daily chart.
First Elliot Wave was completed and corrected by Bullish Pennant or Bat Harmonic as you can see.
Second Elliot Wave seems like getting completed by HUGE ABC correction, or Bull Falling Wedge.
Q: Can it be Ending Diagonal?
A: No, coz it's not a 5 or C leg.
Q; Can it be Bear Elliot wave?
A: YES, 1 leg Leading Diagonal
My assumption:
I would assume Cathy Woods bought on ABC.
LMK ur thoughts
First Elliot Wave was completed and corrected by Bullish Pennant or Bat Harmonic as you can see.
Second Elliot Wave seems like getting completed by HUGE ABC correction, or Bull Falling Wedge.
Q: Can it be Ending Diagonal?
A: No, coz it's not a 5 or C leg.
Q; Can it be Bear Elliot wave?
A: YES, 1 leg Leading Diagonal
My assumption:
I would assume Cathy Woods bought on ABC.
LMK ur thoughts
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.