1d • 📅 Weekly Watchlist
PLTR – Bearish – Swing
HTF CONTEXT:
PLTR reversed from HTF supply at 187.13–194.86, which directly caused a break of structure to the downside, confirming a bearish regime shift. Price retraced back into this supply and is now showing seller response, including the formation of minor internal supply, suggesting distribution rather than accumulation. Importantly, there is no valid HTF demand with clear cause → effect below current price, limiting upside continuation scenarios.
KEY LEVELS & ZONES:
- HTF Supply (Primary): 187.13–194.86
- Internal / Reaction Supply: Formed inside HTF supply
- Downside Objective Zone: Below current range where inefficiency exists
- Invalidation: Sustained acceptance above HTF supply
GAME PLAN:
- Maintain bearish bias while price remains below 194.86 HTF supply.
- Favor shorts on retracements into supply, especially if price shows hesitation or failed continuation higher.
- Expect potential liquidity sweep above internal supply, followed by downside continuation.
- Downside targets favor inefficient price action lower, where price may rebalance.
- No longs until a new HTF demand forms with clear cause/effect and structure shift.
NO-TRADE RULE:
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PLTR – Bearish – Swing
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