Plantir has a pretty clear count. The only thing that throws in some confusion is if you use a log scale or arithmetic scale. Both scenarios result in the same conclusion for the short term....its time to buy!
On the arithmetic scale, we have reached the 78.6% retracement and the weekly RSI is very close to oversold levels. We could see a bounce for to hit the RSI trendline followed by a last sell off to complete wave 5 of the Y leg of the wave 2 correction.
On the log scale, we've just reached the 61.8% retracement. The weekly RSI conclusions remain the same as above, and the lower degree count is still the same. We have a wave 4 higher which will likely bring us to between 19.50 and 21.50...we could go as high as 22.70 but that seems unlikely unless other growth names are surging and there is some news about the business itself.
The arithmetic 88.7% fib and the log 78.6% fib both land around the $12.50 mark and that's where im expecting this correction to end, potentially around the end of April 2022
On the arithmetic scale, we have reached the 78.6% retracement and the weekly RSI is very close to oversold levels. We could see a bounce for to hit the RSI trendline followed by a last sell off to complete wave 5 of the Y leg of the wave 2 correction.
On the log scale, we've just reached the 61.8% retracement. The weekly RSI conclusions remain the same as above, and the lower degree count is still the same. We have a wave 4 higher which will likely bring us to between 19.50 and 21.50...we could go as high as 22.70 but that seems unlikely unless other growth names are surging and there is some news about the business itself.
The arithmetic 88.7% fib and the log 78.6% fib both land around the $12.50 mark and that's where im expecting this correction to end, potentially around the end of April 2022
