Palantir has reached the orange trading zone that we marked several weeks ago. Just as we expected, the price was pushed back significantly, almost -20% top down. The price has reached our green entry zone, which can be used to open long positions. The marked zone from $13.36 - $14.81 is the area in which a wave (iv) correction usually ends. Today's pump of over +4% is a good signal that wave (iv) could be over, however it is possible that we reach the $13.36 level again, which is unlikely at the moment. In the upcoming wave (v) the price can extend very deep into the orange zone. If the wave (iv) correction is over, we can expect to see a price of up to $20 before heading into a macro 1-2.