PLTR's W-Pattern: Is 165 the Gateway to 185?Palantir Technologies Inc.BATS:PLTRManiMarkets Bullish Reversal Pattern: PLTR has recently formed a clear 'W' shaped bottoming pattern, with its two lows consolidating around the Good Support 145 level (which aligns with the 61.8% Fibonacci retracement). This pattern is generally considered a strong bullish reversal signal after a prior downtrend from the peak near 190. Key Breakout Level: The critical level to confirm the 'W' pattern breakout and initiate a long position is a decisive break and sustained close above the Resistance 165 zone. This level acts as the neckline of the 'W' pattern, and overcoming it would suggest strong bullish conviction. Support Confirmation: The repeated bounces off the Good Support 145 level during the 'W' formation indicate its significance as a strong demand zone. This provides a good foundation for the potential upward move, with Strong Support 125 serving as a deeper, more robust safety net if market conditions deteriorate. Upside Target: Upon a successful breakout above Resistance 165, the chart clearly identifies Target 185 as the next significant upside objective. This level aligns with a previous area of price congestion and could be the initial profit-taking zone for a confirmed move higher. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.