$PLTR (Palantir) the WEEKLY chart - the CORRECTION OVER?Palantir Technologies Inc. Class ABATS:PLTRColdBloodedCharterPLTR (Palantir) - Weekly Chart I'm not a huge fan of the company itself, but the weekly chart is starting to look very attractive. It seems to be signaling that the correction which began from the November all-time high (the top of Elliott Wave 5) - or at the latest from the dead-cat bounce high (Wave B on the chart) - may be approaching its end. The Elliott structure has remained remarkably clean for several years, which makes the search for a correction bottom more interesting. There are already multiple signals appearing on a serious timeframe: Bullish RSI divergence Bullish OBV divergence Bullish MACD crossover That's a strong trio. The only thing still missing is volume confirmation, as trading activity remains below average levels. What's also interesting is the developing pattern that resembles a double bottom. We may already have a slightly higher low in place. The next step would be a higher high - ideally a weekly close above $160 with convincing volume. The setup is potentially very bullish because it comes after a meaningful correction and several months of consolidation/accumulation, which is generally the healthiest environment for a new uptrend in high-growth AI names. From a technical perspective, the ideal entry would come after a confirmed bullish market structure shift. A breakout from the double-bottom pattern would add another layer of confirmation, with a measured move target around $202. One important obstacle remains directly overhead: the weekly 50 MA, currently around $159. That creates a major confluence resistance zone between roughly $159 and $162 - 165. This could be a very important week for $PLTR. Personally, I don't like entering positions directly underneath heavy resistance. I'd rather see how next week's candle closes and whether buyers can reclaim that zone with volume. 💙👽