PLTR: Valid Bullish SK Sequence, IRL Draw Before ERL Expansion?Palantir Technologies Inc. Class ANASDAQ:PLTRSmellyTazPLTR has already done the important part: the bullish sequence is validated. C has broken above A, so this is no longer a “maybe sequence.” It is a live bullish sequence, and that changes how I read the current pullback. Right now, price looks less like weakness and more like a draw from ERL back into IRL. The external liquidity above A was taken. Now the market is rotating back into internal liquidity, rebalancing before the next decision. That makes the purple IRL zone important. If buyers defend this internal liquidity and price holds above the BC area, I’m still looking for continuation higher into the projected C expansion. How I’m framing it: Bullish condition: hold IRL / hold BC, then continue toward the 157.8–162.0 target box Bullish logic: ERL taken → return into IRL → reload → expand again toward fresh ERL Caution: if IRL fails cleanly, then price likely digs deeper into BC before any real continuation attempt Invalidation context: if the structure starts losing the BC logic, then the path to the upside target weakens fast So for me, this is not a chart to chase in the middle. This is a chart to let come into liquidity. In pure terms, the sequence is valid. In liquidity terms, I want to see whether this pullback is simply ERL to IRL before the next IRL to ERL expansion. That is the whole game here. Not financial advice.