PLTR Daily Elliott Wave Triangle Bearish Breakdown OutlookPalantir Technologies Inc. Class ABATS:PLTRBitcoinprofitableThe PLTR daily chart appears to be forming a classic Elliott Wave contracting triangle labeled (A)-(B)-(C)-(D)-(E), typically seen in a wave 2 or wave 4 corrective structure. Price is currently oscillating within converging trendlines, suggesting decreasing volatility and market indecision. The recent bounce from wave (B) indicates buyers are still active, but the lower highs projected toward wave (C) and (E) show underlying weakness. This pattern often precedes a strong breakout in the direction of the larger trend. Given the broader context and the projected path, the triangle is likely a continuation pattern before a significant bearish move. The anticipated breakdown after completing wave (E) could trigger a sharp impulsive decline, potentially starting wave 3 or C to the downside. Volume contraction and tightening price action further support the triangle scenario. Traders should be cautious inside the pattern and wait for confirmation near key boundaries. Entry & Exit Strategy: Buy Entry (short-term): Near support around wave (B) or (D) with confirmation candlestick Buy Exit: Near upper resistance trendline at wave (C) or (E) Sell Entry (main setup): After breakdown below triangle support (post-wave E) Sell Exit Targets: Previous lows, then extended downside projection Stop Loss: Above wave (E) high or triangle resistance Patience is key—wait for breakout confirmation before committing to larger positions.