Palantir

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PalantirPalantir Technologies Inc.BATS:PLTRTSuthPrice looks to have finally finished its initial a wave lower. We have yet to get confirming data, however, it maintained pos div (barely) and has moved up with a little bit of strength. Looking at the overnights, price has started out up over 3%. This is all good news for b to have finally begun. If it has indeed kicked off, then we should be headed to the target box above. This is between the 0.618-0.786 per the standard move higher. As you should know by now, the standard move will be a 3-wave pattern/structure. Of course, it is a b wave, and they can become very complex. For all we know this thing could form into a triangle. We just have to be patient and watch what unfolds. The turquoise count suggesting that cycle I isn't yet complete remains on the chart and will stay there until we can get some confirming data that it is in fact over. I do think that it is over, but I could also be wrong. There also remains the possibility that this initial a wave is yet to complete. These are just things to keep in the back of your mind in case this thing goes against what we think will happen. That way if it does go against expectations, we don't have to quickly figure out what is going on.