$PLTR completed a four-day correction from the $194.50 highs and is currently printing its first buyer absorption wick right into the August breakout shelf. This retest of prior resistance flipped into support offers a defined entry with asymmetric upside.
- Bid Zone: $185.00 to $186.20
- Take Profit 1: $189.50 (Neckline EQ scale-out)
- Take Profit 2: $193.50 (Range ceiling)
- Invalidation Stop: 4H candle close below $183.50
A 4H close below $183.50 breaks the structural floor. If that happens, exit immediately without hoping for a bounce.
- Bid Zone: $185.00 to $186.20
- Take Profit 1: $189.50 (Neckline EQ scale-out)
- Take Profit 2: $193.50 (Range ceiling)
- Invalidation Stop: 4H candle close below $183.50
A 4H close below $183.50 breaks the structural floor. If that happens, exit immediately without hoping for a bounce.