PLTR NEOWAVE ANALYSIS

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Experimental analysis with the intention to follow back later on as I am still learning

Looks like a clear flat pattern due to the very stretched out B wave, which also ended around the 1.38 extension of wave A retracement. This tells me one thing: the B wave was indeed strong. Normally, in such scenarios, there is a very small chance that wave C retraces wave A with such force.

This pattern will most likely be the first leg of a very complex correction. Although rest assured that the overall trend for PLTR is up, I do not know to what extent. But after this wave C completion, we will be headed down for quite some time.

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