PLTR Triangle Pattern Breakout

PLTR forming a triangle pattern on the 4hr chart as it consolidates and closes at 27.20. The bull trend line is parallel with the regression trend. Bear trend line is untested (only two points two form). Ichimoku lagging indicator (white) likely to cross over to the bullish side, as well as a bullish moving average crossover (blue over the red line). Huge thick ichimoku clouds to provide plenty of support. Keep an eye for fakeouts (price moving over the line a little and then pulling back).

First option: Buy now while volatility is low and play calls targeting the previous two highs/ top end of the regression channel. (green lines, 31 and 33.5) depending on risk preference.

Second option: Wait to see which direction the breakout will go before buying calls.
A breakout on the bottom side of the bull trend line will likely hit the price gap around 23 for an entry point for calls. Then play to the 23.6% fib retracement around 27.5 or possibly higher. Supported by thick ichimoku clouds, the bottom side of the regression channel, and 50% retracement.

A breakout on the top side will have the same possibilities as option 1 with reduced profit and risk.