PLTR - Short Rocket Ships
Earnings gap up and fanboys are cheering.
But this looks like its got a good chance to be an Exhaustion gap.
And now another smaller gap up and currently it sits just above the 1.786 overshoot ratio.
And also above ATH resistance.
There will be a lot of liquidity up here.
It makes it ripe for a reversal.
So i've entered a short position here.
This is also in consideration that S&P has hit a critical long term fib (client only).
Its obviously dangerous to short rocket ships but there is plenty technical to suggest a reversal is due and we have certainly reached "Euphoria."
I laid out more technicals in the previous idea, so i've linked that below.
Not advice
But this looks like its got a good chance to be an Exhaustion gap.
And now another smaller gap up and currently it sits just above the 1.786 overshoot ratio.
And also above ATH resistance.
There will be a lot of liquidity up here.
It makes it ripe for a reversal.
So i've entered a short position here.
This is also in consideration that S&P has hit a critical long term fib (client only).
Its obviously dangerous to short rocket ships but there is plenty technical to suggest a reversal is due and we have certainly reached "Euphoria."
I laid out more technicals in the previous idea, so i've linked that below.
Not advice
We're into the post FED interest rate cut blow off phase for risk on markets🥳.
I have many great deep value opportunities ❕
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I have many great deep value opportunities ❕
Many Trade Ideas Every Day 📈
Regular videos ✨.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
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