Palantir established a major high, as we identified in our previous analysis published on November 25, 2025. Since then, we have updated our Elliott Wave count and adjusted our Fibonacci retracement zone to reflect the current market structure.
Despite these adjustments, our broader view remains unchanged: we do not believe Palantir has completed its overall correction yet.
Instead, we currently interpret the recent price action as a recovery phase following the first major leg of the correction, Orange Wave A. Based on our updated count, we believe this recovery has now formed Orange Wave B, meaning the final and potentially strongest bearish leg of the correction could still be ahead.
Our primary scenario expects Palantir to first break below $163.70 and subsequently move lower to break its previous local low at $106.37.
Below this level, we expect Palantir to move toward our long-term Fibonacci buying zone.
Long-Term Entry Levels
- 50%: $97.72
- 61.8%: $76.04
- 78.6%: $45.18
Stop-Loss Level: $44.71 — approximately 1% below the lower boundary of the zone.
We consider this Fibonacci zone a prime long-term accumulation area, offering the potential to build positions in Palantir at significantly lower and, in our view, highly attractive price levels.
Should our primary scenario play out and Palantir reach this zone, we will closely monitor the structure for signs that the long-term correction is approaching completion.
If anything significant happens with Palantir or our market structure changes, we will update you immediately.
Kind regards,
Monalytics
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