Possibility of a Fade Fade on $PLTR

According to my principal analysis (which of course could be wrong), $PLTR may have more downside ahead. The first leg down can be counted as a leading diagonal in five waves, so this counter-trend bounce should be a B wave (or a 2, it doesn’t really matter at this point—that’s what we get to test on the next step).

Once it finishes a 3-swing move to the box above (it’s still in the first swing), it should move towards the lower target in five waves. If it gets to the box, then it’s more likely a 3rd wave and not a C. If it goes in that direction but falls short of the box, then the correction may be over.

At this point, all I’m looking for at the moment is more up, then more down. It’s the magnitude of the next down that will tell us more.


[UPDATE]: I am cancelling this call. While it has moved in the direction of blue b as I expected, the structure of the move does not conform well with the nature of a B wave. It’s a clear impulse that is much too big (to be the first leg of a three-leg B wave). It is likely the beginning of a new bullish sequence. Since it’s 5 waves, it may now retrace to the lower orange box, and then go significantly higher taking out the prior high and then some.


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, patrons of any denomination (you get to pick the amount) will be able to read my weekend analyses, Tier 1 members ($20/mo.) get access to all of the articles I write, and Tier 2 members ($35/mo.) get access to those, plus counts on other instruments and my Discord chatroom.

2 thoughts on “Possibility of a Fade Fade on $PLTR”

Leave a Reply

Your email address will not be published. Required fields are marked *