Palantir looking like its forming a textbook example of an Head and Shoulders pattern!
I anticipate as (if?) NDQ and SPX keeps declining and for this head and shoulders patterns to execute flawlessly.
There are also contributing signs like seen by the resistance in 180-190 area marked on my chart.
But the key metric for me is VOLUME , volume was very low during our last thrust up which signals to me a trend change for the coming weeks might unfold soon.
I anticipate as (if?) NDQ and SPX keeps declining and for this head and shoulders patterns to execute flawlessly.
There are also contributing signs like seen by the resistance in 180-190 area marked on my chart.
But the key metric for me is VOLUME , volume was very low during our last thrust up which signals to me a trend change for the coming weeks might unfold soon.
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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.