These are just two futures I can see coming for PLTR.
Scenario 1, we continue to bounce between our current areas of support and resistance until we're able to find a similar consolidation pattern upwards for the next push upwards. I think this is the most likely since the descent should've happened by now.
Scenario 2, in the upcoming days we see a big drop down to our first level of support with some uncertainty for the future. Any consolidation downwards could mean dropping further.
Scenario 1, we continue to bounce between our current areas of support and resistance until we're able to find a similar consolidation pattern upwards for the next push upwards. I think this is the most likely since the descent should've happened by now.
Scenario 2, in the upcoming days we see a big drop down to our first level of support with some uncertainty for the future. Any consolidation downwards could mean dropping further.