Forgive me if my charting is poor, this is my first time doing this.
I spotted an inverse head and shoulders pattern in the downtrend which could indicate a reversal but it failed to reverse.
Price recently touched my support line which can be scalped.
It is still possible for the trend to continue and form another inverse head and shoulders but we will have to wait and see.
I feel that the price direction will more or less be dependent on the earnings in 2 days and whether PLTR can beat earnings or not.
Staying Neutral for now as I don't really feel scalping is considered a long position (well, it technically is but the timeframe is too short)
I spotted an inverse head and shoulders pattern in the downtrend which could indicate a reversal but it failed to reverse.
Price recently touched my support line which can be scalped.
It is still possible for the trend to continue and form another inverse head and shoulders but we will have to wait and see.
I feel that the price direction will more or less be dependent on the earnings in 2 days and whether PLTR can beat earnings or not.
Staying Neutral for now as I don't really feel scalping is considered a long position (well, it technically is but the timeframe is too short)