Elliott Wave Analysis of Palantir (PLTR), NVIDIA (NVDA), and a Commodities ETF (PDBC)
We take a renewed and detailed look at the price movement on Palantir (PLTR), NVIDIA (NVDA), and an Invesco Commodities ETF (PDBC) using the Elliott Wave Theory to determine if and when they might be good trading opportunities. If you want to learn more about the powerful trading strategy that is Elliott Wave and see how this stuff works in real time, come visit us at TrendLizard.com! We offer daily Elliott Wave Analysis cover ETFs, stocks, and crypto and offer a free seven-day trial!
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PALANTIR TO THE MOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOON!!!!!!!!!!!!!!
I remember your original analysis on NVDA was spot on; great work as always!
@TrendLizard
Жыл бұрын
Thanks, much appreciated!
Hi man, you are a big inspiration to me. I was wondering if your wave 1-5 could actually be the wave 5 to the bigger degree. Meaning the ABC corrective pattern is actually wave 1-4, and wave 5 is an extended wave. This is for NVDA.
@TrendLizard
Жыл бұрын
So glad to help! I need clarification of your labeling - are you saying that the big ABC move in the 2000s would be wave 4 and then the five-wave move following that would be wave 5 of a larger five-wave move? If so, it can't be ruled out as a possibility - we simply can't see the pattern before NVDA was incepted in the late 90s. But I would say that it would be premature to assume that it's a high to a much larger five-wave pattern, not until we have some clear reason to put this new pullback on such a large scale. I hope that is helpful!
@qslasher620
Жыл бұрын
@@TrendLizard Okay thank you! Also a home depot elliot wave theory video would be cool; I believe it’s at around wave B for good amount of mid-term bullishness.
@TrendLizard
Жыл бұрын
@@qslasher620 Totally agree, HD is one of the stocks we regularly track at TrendLizard.com, very feasible that it completed a five-wave decline and is now on its way to 325-355, great call!
May we please do Gold ... and maybe $GDX miners ? 😊🙏
@TrendLizard
Жыл бұрын
Hi Christoph, We do these videos for subscribers at TrendLizard.com, come visit and I’d be happy to look at anything you want every month. Also we follow GLD regularly. Generally speaking, GLD is on a big countertrend pullback that’s not yet over.
I notice that you refer to "time", and share expectations for "time"... BUT shouldn't we be taking into considering "price" vs "time"...? In other words, whichever expectation comes first, or a mix thereof (time & price)... So our expectation for time it would take for a 5 wave bull run to correct, could take longer, or get cut short, dependent on price action as well. If price action doesn't come down very much, maybe only .38%, then the correction could take longer. If price action comes down a lot, over 70%, than the correction ends a lot sooner. Maybe the sweet spot is .38-.62 % for price action, to get that expected time correct... But it doesn't always work out that way. So we have to take into consideration the price action, with the time...?