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Trapzone

Gold’s in a Trap — And That’s Exactly Why You Should Be CarefulGold is stuck in a tight sideways range. It’s been bouncing between $3,370–$3,380 for two days now. Everyone sees it. Every trader watching gold knows this level acted as support — and judging by the candle shadows, buyers are getting aggressive here. So if you're purely technical — yeah, looks like a solid buy right now. But here’s the twist… ___________________________________________________________ I’m not buying. And I’ll tell you why — because it's too obvious. When something screams "buy" from every chart and every textbook, that’s when you pause and ask yourself: “Am I about to walk into a classic setup… or actually catch a real move?” Because history shows us — these textbook setups often play out like this: Motivation → Encouragement → Payback. (See Chart 2) It goes like this: Price breaks a visible high or low (Motivation) Traders jump in and get some pips(Encouragement) Then — brutal reversal (Payback) Only then will everything get off the ground, and it will be fast, so that the "unnecessary" passengers who were "dropped off" should not have time to return to this train. So why are they "unwanted"? Well, here's one possible answer: because retail tends to hold losing trades too long , but gets spooked early on winners. We’re wired that way. So what happens when everyone starts booking profits after a small bounce? You get limit sell orders piling up , slowing momentum — sometimes even flipping the trend. And then what do big players do? Then come back in — buying at higher levels, averaging their positions. Not the best case scenario.... Key Takeaway: ______________________ Here’s my advice — especially if you’re in this game long-term: 1. Avoid those super obvious setups everyone else is jumping into. 2. Instead of asking, "Why should I open a trade now?" Try asking: "Why shouldn’t I open a trade now?" p.s. If you liked this kind of deep-dive — follow along. We don’t just read charts. We read the market behind them. Conclusion: _________________________ 📍 Gold is testing a key zone — but don’t let the crowd pull you in. 🧠 The first quick impulse is often a trap 📈 Stay sharp, stay ahead.
FOREXCOM:XAUUSDLong
by ClashChartsTeam
1
XAUUSD H1 Outlook – Clean Breakdown, Focused Zones in Play👋 Good afternoon, legends! Here’s your XAUUSD H1 Outlook + Sniper Plan for June 9, 2025. We’re mid-retrace in a bearish shift, and structure is giving us real opportunities both ways. 📍 Bias: Bearish intraday — structure has shifted, and we’re working inside discount + premium rotations. 🔹 1. 🔍 H1 Structure Summary Confirmed CHoCH → BOS → LL below 3314. Price is sweeping the 3308–3300 weak low, sitting in a sensitive zone. Expect either pullback to supply or continuation into deeper demand. 🔹 2. 📐 Key Intraday Structure Zones Zone Type Price Range Notes 🔼 Sell Zone #1 3350 – 3365 H1 OB + supply flip + fib confluence 🔼 Sell Zone #2 3378 – 3390 M15 premium sweep + LH trap 🟣 Flip Zone 3324 – 3332 BOS origin + minor FVG — reactive zone 🔽 Buy Zone #1 3275 – 3260 Discount OB + imbalance cluster 🔽 Buy Zone #2 3238 – 3225 Deep structure demand + M30 liquidity pool 🔹 3. 📊 EMA Alignment EMA5/21 crossed bearish Price is under EMA50, 100, and 200 → full bearish EMA pressure Retracements into premium = opportunities to sell with trend 🔹 4. 🧠 Sniper Flow Commentary Price is currently tapping weak low zone (3308–3300) If 3314–3332 acts as resistance, we’re in for continued downside flow Cleanest sell comes from 3350–3365, but any valid rejection from flip zone is still playable short Only buy if deep discount zones are hit with confirmation — don’t rush longs in bearish flow ⚔️ Intraday Sniper Plan – June 7, 2025 🔼 Sell Zones 3350–3365 → Premium OB and fib rejection zone 3378–3390 → Final sweep zone above LH 🔽 Buy Zones 3275–3260 → First structural OB in deep discount 3238–3225 → Major support from HTF demand stack 🟣 Flip Zone 3324–3332 → Watch for reaction and possible rejections ✅ GoldFxMinds Final Note It’s not about predicting — it’s about preparing. Sell the traps. Buy only strength in structure. Let price prove itself before entry. Stay focused and confident!💬 Drop your chart view below ,follow for more — GoldFxMinds view💡
TRADENATION:XAUUSDShort
by GoldFxMinds
2
Decision Day: Flip or Fail?” — XAUUSD Sniper Battlefield Plan👋 Hello gold tacticians — we’ve entered a key battlefield. Price is hovering in a critical flip zone after a sweep of 3395, and with ADP Non-Farm + ISM Services PMI coming up, the market won’t stay neutral for long. This is not a time for random trades. Let’s lock in real zones and prepare for both traps and confirmations. 🎯 🟡 Neutral Bias Price is in a flip zone (3345–3352) → Not clearly bullish or bearish. We’ve seen both buying pressure from 3320s and strong rejection from 3395. Market is ranging between premium and discount — no confirmed trend. ⚠️ Bearish Weight (Slight Tilt) 3384–3395 sweep confirms liquidity trap. RSI divergence + price rejected from premium supply. FVG gap under price (3303–3289) remains unfilled — likely draw. Big news (ADP + ISM) may trigger stop hunts — downside has better structure for continuation. ✅ Conclusion: We are neutral, but leaning bearish unless price confirms a clean break and hold above 3395. You should follow structure shifts on M15/H1 after ADP before committing fully to either side. 🟡 Neutral Decision Zone – The Flip Battlefield 3345 – 3352 → Previously acted as resistance — now tested as support → This is neutral ground — confirmation will decide if we bounce or dump → Use only with clear M15 PA 🧠 Wait here — bulls and bears will fight it out. 🔻 SELL ZONES – Premium Traps Zone Key Levels Why it Matters 🔺 Main Rejection Block 3384 – 3395 Sweep + FVG + OB cluster — price was rejected here. If tapped again → watch for M15 bearish shift. 🔺 Flip Trap Extension 3368 – 3375 Previous broken high. If price fails to stay above → good place for fakeout sell. 🔺 Ultimate Premium Trap 3412 – 3422 Extreme liquidity grab if market spikes after ADP. Use only if FOMO buyers get trapped. 🟢 BUY ZONES – Smart Demand Levels Zone Key Levels Why it Matters 🟢 Active Rebound Zone 3330 – 3320 OB + FVG + current HL reaction. Great sniper long if price holds. 🟢 Reload Buy Pocket 3303 – 3289 Fresh NY FVG + EMA confluence + liquidity. If ADP gives downside wick, this is the reload zone. 🟢 Final Demand Block 3265 – 3278 Deep sweep zone from H4. If hit → expect strong reaction. HL or M15 BOS confirms. 🔍 Strategy Scenarios 📉 Sell Plan A → Spike into 3384–3395 → M15/M30 bearish shift → short to 3352 → then 3320 📉 Sell Plan B → Flip rejection from 3368–3375 → short scalp to 3330 📉 Sell Plan C → FOMO sweep into 3412+ → wait for reversal wick → high-RR short 📈 Buy Plan A → Bounce from 3330–3320 → confirm HL → long toward 3368 📈 Buy Plan B → Flush into 3303–3289 → watch for OB reaction + PA → long scalp toward 3345 📈 Buy Plan C → Extreme dip to 3265 → reversal PA → long to 3300+ ⚙️ Market Context EMA 5/21/50 bullish but stretched Price is compressing under a sweep — not trending ADP + ISM = volatility trap window RSI showing bearish divergence in premium 💬 Final Words from GoldFxMinds Gold is standing in the middle of a flip battlefield. It doesn’t matter if you’re bullish or bearish — what matters is structure and reaction. Let the market reveal its hand. 🎯 Stay out of noise. Wait for the trigger. Act with clarity. If this breakdown helped you today: ❤️ Drop a LIKE 🧠 Leave a COMMENT on what you’re watching 📌 And FOLLOW GoldFxMinds for clean, structured daily plans Let’s dominate June with patience and precision. — GoldFxMinds
OANDA:XAUUSD
by GoldFxMinds
TSLA: An Intense Breakout is About to Occur!TSLA shares are trading in a Trap Zone, the area between the 21 EMA, which serves as the main support, and the resistance at $246.70, which was already mentioned in my last public analysis, the link to which is below this post. This area between the 21 EMA and resistance is called the Trap Zone because as long as there is no real breakout from support or resistance, we could see several false signals and erratic, meaningless movement within the area. The 21 EMA is slowly rising, squeezing the price against resistance at $246, and sooner or later, we will see a breakout in some direction. There's no way of knowing in which direction the breakout will occur - remember real trading is reactive, not predictive. In some cases it is possible to look for clues in an indicator such as the RSI, and look for a divergence or an Advanced Breakout (which is not the case here). Since our last study, the price has retested the $246 area, reinforcing our main idea that this is indeed the main resistance for TSLA shares in the medium term. Only if the price breaks through this region will we see a real sign of recovery, which would represent a continuation of the upward trend. Meanwhile, we see that the price is trading dangerously close to the 21 EMA. If the average is lost, then TSLA could trigger a new bearish move, perhaps looking to fill the gap opened at $225.40. Such a bearish move seen today is definitely suspicious, while the indices and almost all of the "magnificent 7" are rising. I wonder how long such a divergence between TSLA and the rest of the market will persist. TSLA shares are falling this week, just as we approach the main long-term resistance at the top of its Descending Channel. The 21 EMA is also serving as support on this timeframe, which also reinforces our thesis that this area is a key support point, which could trigger a sharper correction if lost. For the time being, as long as there is no clear break from its Trap Zone, TSLA's shares are bound to move erratically. To avoid a bearish scenario, now would be the best time to see a reaction. How the price behaves over the next few days will be crucial to what lies ahead in the medium and long term. I'll keep you updated on this, so remember to like this post, and follow me for more analysis like this. Best regards, Nathan.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
18
NVDA: Inside a Dangerous Trap Zone.• NVDA is trading inside a Trap Zone, between the $289 resistance and the ascending 21 ema, which is squeezing the price as time passes; • Only a breakout of one of its key points would bring something new to NVDA. Usually, Trap Zone breakouts are quite powerful; • By breaking the resistance at $289, NVDA would just resume the bullish sentiment, and the next resistance is only at $313; • The bias is already bullish, and NVDA is in a bull trend, because it is doing higher highs/lows and it is above an ascending 21 ema. Therefore, an upwards breakout is more likely; • However, what if it loses the 21 ema? In this case, the next technical target is the $272, which is the trigger point of a possible Double Top chart pattern. • There’s a Descending Channel on the 1h chart, and if NVDA breaks it upwards, it’ll just reinforce the bullish sentiment; • By losing it downwards, NVDA would probably lose the 21 ema on the daily chart as well, and the next technical target is the $272 (black line); • As mentioned above, the $272 is a trigger point of a Double Top pattern, on the daily chart, and the technical target for this pattern is the $262 area (blue line); • Therefore, it all depends on how NVDA will react from here, and to which direction the breakout of the Trap Zone will occur. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
1
TSLA: Back to a TRAP ZONE. What to Expect?• Since our last post, TSLA did exactly what we expected, as it corrected to the $187 support, and now it is bouncing again (link to my previous analysis is below this post, as usual); • Everything is going according to the plan, but TSLA is still inside its Trap Zone, between the key resistance at $200 and our support at $187; • Only a real breakout would bring something new, and so far, there’s no evidence pointing to a breakout to any specific direction; • In the 1h chart, TSLA is losing momentum after spiking this morning, and a pullback to the 21 ema, or even to fill the previous gap around $190 would be plausible, but if it loses this support area, we might see a short-term bearish continuation to its next support area; • Either way, we won’t see a true bearish structure as long as it stays above the $187 - $186 area, while TSLA won’t turn bullish without a clear breakout of the $200 resistance; • So far, it seems we are just inside a “No Man’s Land” again, and we must pay attention on how TSLA will react around its support levels; • I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
TSLA: Trying to break a KEY RESISTANCE! Time to fly? 🚀• TSLA is trying to break the $123 area. If it confirms, this could trigger a rally to higher levels; • Remember, a rally doesn’t mean bullish reversal. It could be, but in this case, it is too soon to tell; • TSLA is breaking free from our Trap Zone, which we described in more details on our previous study on TSLA (link below this post); • This breakout is important, as TSLA is in a congestion since Jan 09, as seen on the chart above; • Only if TSLA does a downwards breakout, losing the support at 38.2% retracement, we would see a continuation of the bear trend; • For now, let’s pay attention to these key points. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
5
PLTR: Could it CRASH next? Let's see.Hello traders and investors! Let’s see how PLTR is doing today! As we can see in the 1h chart, PLTR is in a slow bull trend, doing higher highs/lows, always respecting the red line (while it ignores the 21 ema). It seems the green line at $ 26.74 area is a ceiling for PLTR, and a resistance it must break in order to resume the trend. The area between this green red lines is called “Trap Zone”. The price will get squeezed in a tighter area as the time passes, and sooner or later, it’ll explode, we just don’t know it will be upwards or downwards. The chances are that it’ll explode upwards, as it follows the main bullish trend. Now, let’s the daily chart: Last time PLTR retested the red line in the 1h chart was at the same say it retested the 21 ema in the daily chart, which is a much more reliable support level in this time frame. This made the area around the $ 25 a Dual-Support level, and a key point for PLTR. Next week we’ll see its earnings, and this surely will bring some volatility. Last time it reported earnings, it went up a lot, and I’m curious to see how it’ll react next week. As long as we keep above the 21 ema, the trend will remain bullish. If you liked this analysis, remember to follow me to keep in touch with my daily updates on stocks and indices. All the best to you.
P
by Nathan_The_Finance_Hydra
11
AMZN: Careful with this Trap Zone!Hello traders and investors! Let’s see how AMZN is doing today! Like many other stocks, it seems we are having a Double Top chart pattern, but I see more than that. Keep in mind that the momentum is bullish, so the 21 ema is going up along with the price, offering a dynamic support level for AMZN. The price is between two important key points, above the 21 ema, and under the resistance at the previous top level , at $ 3,526. This is what we call a “ Trap Zone ”. The 21 ema is squeezing the price against the resistance, and at some point it’ll explode, we just don’t know if it’ll do an upwards breakout, or a downwards breakout . However, we work with some scenarios. If AMZN loses the 21 ema in the 1h chart, probably it’ll seek the 21 ema in the daily chart. The bias would still be bullish, as we lack bearish structures in the daily chart and it might be an opportunity to buy. If we defeat the resistance at $ 3,526 then the odds are the AMZN will fill the gap at 3,580 without a pullback, and it won’t give any buy opportunity for whoever's out of it. Either way, I see AMZN filling the gap, we just don’t know how it’ll fill it. If this analysis helped you, remember to follow me to keep in touch with my daily studies. And support this idea if you liked it! Have a good day!
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
6
AAPL: New record high! What to do with it?Hello traders and investors! Yes, AAPL has been moving according to the technique, and now we see something new. First, it did a good pullback to the 1h chart today, and now it is going up again, as usual. The 21 ema is pointing up, and clearly we have a bull trend. In addition, we are defeating the ATH today. In the daily chart, we see that AAPL is trying to break the resistance at the ATH. As we discussed in my previous analysis, we were in a Trap Zone, between the ascending 21 ema and the resistance. Now that we are breaking free from it, AAPL has more room to go up. The volume is increasing again, reinforcing the bullish momentum, and only a very bearish reaction could make it drop from here, and do a pullback to the 21 ema again. For now, AAPL is just trending, and we see no pullback/reversal sign around. If you are afraid of a pullback, no need, as we lack signs price-wise. If you liked this analysis, remember to follow me to keep in touch with my daily studies. Have a good day.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
4
AAPL: You must be aware of these KEY POINTS!Hello traders and investors! Let’s see how AAPL is doing today! Since it lost the purple trendline , the bull trend in the 1h chart got weaker, and now it seems we have another congestion. The price is dancing around the 21 ema, and it seems it is moving erratically. However, let’s remember that this is just a sideways correction , seen in the daily chart as well, and it is natural that AAPL will move like this. This congestion is just a sideways correction to the 21 ema in the daily chart. Sometimes the price drops to the 21 ema (price correction), but sometimes the price moves sideways and the 21 ema hit catches up with the price (time correction). Usually, time corrections are good, as they indicate strength. The volume is low, and it seems AAPL is about to find itself in a Trap Zone : Between the resistance at $ 149.78 and the ascending 21 ema, which is a support. As the time passes, the 21 ema will squeeze more the price, and at one point, it’ll explode – we just can’t tell to which direction it’ll explode. Either way, the $ 141.44 is a support for AAPL, but if it loses its momentum for good, it can drop even more. I see the Fibonacci’s Retracements in the weekly chart as targets if AAPL engages a bearish momentum. The first support is at $ 139, but I would be happier to see AAPL at $ 136, which is near the 50% retracement, the support at the black line (previous top), and the 21 ema in the weekly chart. Let’s follow AAPL closely from now, and if you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good day.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
2
SPX: Let's think outside the box!Hello traders and investors! Let’s take a look at how the SPX is doing today! Yes, this is the only index which is about to break a new record high , and that’s incredible, but what if I tell you that we have better options around? In the end of this analysis, I’ll present to you one example of a trade we did, looking at other markets, outside of the radar of most investors. Let’s see. First, we have another example of a Trap Zone , in the 1h chart. The index is trapped between the resistance at the ATH and the 21 ema, which is going up. This squeezes the price, and eventually, SPX will explode , we just don’t know to which direction. If it defeats the ATH, it’ll just keep flying, but if it loses the 21 ema, then the 4,180 is the next support. Let’s see the daily chart: Yes, the index is performing amazingly well! We have a bull trend, and honestly, even if it drops again to the 4k I wouldn’t be surprised. But since March, we are going up roughly 10%. Which is not terrible, but if you know where to look, you may find some very impressive stocks in different markets. I already told you the potential of some Brazilian ADRs yesterday ( link below ), and I still believe that some ADRs will outperform the US market in the next few weeks/months. Probably we’ll see a retraction soon, but this doesn’t ruin the bullish momentum we have here. For instance, one of my recommendations was on CIG , which is going up almost 50% since my first call (Mar 5). This happens because, despite the similar performance seen on SPX and IBOV, we have several undervalued sectors, and we can take advantage of this distortion. I gave several calls on Brazilian ADRs to my group, and all of them are performing insanely well. Let’s think outside the box, if Warren Buffett likes to invest in other markets, like in Japan and Brazil, why wouldn’t you? Remember to follow me to keep in touch with my daily studies, and support this idea if you liked it! Thank you very much!
SP:SPX
by Nathan_The_Finance_Hydra
NIO: It hit our target! What's next for us?Hello traders and investors! NIO hit our target at $ 43.13, the technical target for the V-Shape recovery , and we are trading above the target. The link to our last analysis is below this post. What’s next for us? First, in the 1h chart, since we already defeated the resistance at $ 43.13, this point is supposed to work as a support. Notice that NIO just did an upwards breakout from a trap zone , when it was trading between the 21 ema and the resistance at $ 43.13. All of these are good news, and NIO has no pullback/reversal sign around . Even if it drops again to the 21 ema in the 1h chart, the bullish thesis would be intact. Now, to the daily chart: The only thing that annoys me is the low volume . If NIO loses today’s low, then it can easily retest the 21 ema in the daily chart again. Also, it must not close under the $ 43.13, as the market might see this as a false breakout . Of course, this wouldn’t be enough to change the trend, it would just mean we’ll see a pullback, and since the trend is bullish, this means an opportunity to buy. But for now, all we can say is that the $ 46.28 is the next target. Let’s keep our eyes open here, and stay alert to these key points. If you liked this analysis, remember to follow me to keep in touch with my daily studies, and support the idea if you liked it! Thank you very much!
NYSE:NIO
by Nathan_The_Finance_Hydra
2
SPX: A new record high! How to proceed?Hello traders and investors! Let’s see how the SPX is doing today! It’s been a while since I did a public analysis about it, so we have a lot to update. First, in the 1h chart, we have a short-term congestion, between the purple line and the red line, which was previously a resistance zone, now support, following the Principle of Polarity. It seems the 21 ema is also another support, and it is now squeezing the index against the purple line, creating what it is called a Trap Zone . At one point, it’ll explode, we just don’t know which direction yet. Either way, we can work with scenarios, and the daily chart will be helpful now: If the index loses the support levels previously mentioned, it'll probably hit the yellow rectangle zone , around the 21 ema and the orange line area (4,119). This could be a buy zone, if we see the right reaction. But what if the SPX escapes from the Trap Zone in the 1h chart upwards? Then it’ll just resume its bull trend, as it has been doing since last year. So far, all I can say is that it is not good to buy near resistances, but we don’t have any sell signs either. Let’s just be careful, and wait for more signs. Remember to follow me to keep in touch with my daily studies, and if you liked this idea, please, support it! Thank you very much!
SP:SPX
by Nathan_The_Finance_Hydra
6
TSLA: We hit another target! What's next for Tesla?Hello traders and investors! Let’s talk about Tesla today! It’s been a while, but here we are! First, Tesla did what it had to do. As we discussed in my last analysis (almost 2 weeks ago), Tesla did a downwards breakout from its Trap Zone, and it precisely hit our target at $ 620 . This was a very technical movement. If you missed my previous public analysis, the link to it is below, as usual. In the 1h chart, Tesla found a support around the $ 620, and what’s more curious, it is doing a bullish structure. The pink line around the $ 644 is a pivot point , and if triggered, the chances are that it’ll reverse the short-term bear trend seen in the hourly chart. If it reverses, we could see a rally in the daily chart as well, which we’ll analyze next: Today’s volume was decent, which is good, and it seems we had a Piercing Line candlestick pattern in the daily chart. It wasn’t a perfect piercing line, I agree, but it really looks like one, and given the signs in the 1h chart, it seems it’ll be triggered soon, if not tomorrow, in the next few days. Tesla is trapped inside a mid-term congestion , and any bullish rally will find a first resistance around the pink line at $ 718. The 21 ema is not a reliable resistance/support level when we are in the middle of a congestion, so, we’ll ignore it for now. This is a good sign for Tesla, and if you liked this analysis, remember to follow me to keep updated about my daily studies, and remember to support this idea with your like if you’ve read this far! Thank you very much!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
19
AMC: Hit our target (again)! Any reversal sign ahead?Hello traders and investors! AMC is doing some very interesting and technical movements recently. Since our last analysis, it did a downwards breakout from the Trap Zone , and it hit our target today. The link to our previous public study is below this post, as usual. Now, AMC hit our target and it is near a support area . In the 1h chart we have the $ 9.93 area, which seems to be working, but we have even more support levels in the daily chart. But before we talk about the daily chart, we have a few things to keep in mind. First, it lost our Trap Zone by doing a Breakaway Gap , which is a quite powerful pattern. When this happens, we usually see a very strong movement next, and it was almost certain that it would hit our target. Now, it seems AMC is trying to do a Harami , a candlestick pattern that in normal circumstances has a random chance of working as a reversal, but when it is near a support level, these odds increase. The Harami wasn't triggered yet, so we still must wait. Now to the daily chart: In our last study, last week, we set a target at the 21 ema and the pink line area (after a downwards breakout of the Trap Zone), and right now, AMC is sitting right at our target. We have no clear reversal sign in the daily chart, but if we see one, it would be a nice opportunity to buy AMC, at a good price, with a great Risk/Reward ratio. The reaction in the 1H chart is promising, yes, but we have yet to see a confirmation in the daily chart. If AMC triggers any interesting pattern around, the $ 20.36 is the next target to work with . But wait for confirmation! And remember to follow me to keep in touch with my daily studies, and if you liked this idea, please, support it with your like! Thank you very much!
NYSE:AMC
by Nathan_The_Finance_Hydra
9
PLTR: What it takes for it to fly again?Hello traders and investors! Let’s see how PLTR is doing today! Since our last analysis, PLTR did a downwards breakout from the dangerous Trap Zone . Now the trend is bearish, as it should be. Let’s see in detail what’s going on. First, in the 1h chart, PLTR lost the red line at $ 25.18 by doing a gap (yellow area), which was quite surprising. What’s more interesting is that PLTR retested the red line again as a resistance , along with the 21 ema, on March 17, but the price couldn’t sustain at this level. This is an annoying weakness sign. Now, the trend is clearly bearish, as we have lower highs/lows and the 21 ema is descending and pointing down. But PLTR has a technical target around the light blue line ($ 22.50). Now, let’s see the daily chart: The problem with PLTR is that we can’t take a movement like this seriously, as the volume is too low, but it seems the $ 22.50 is indeed the next target for PLTR. But as long as we don’t see any good reaction, with good volume, the bearish bias will persist. We don’t have a good reaction yet, but now that we are near a support level, is the best time to see one. And remember to follow me to keep in touch with my daily updates on PLTR and other stocks! If this idea gave you a new insight, please, support it ! Thank you very much!
P
by Nathan_The_Finance_Hydra
11