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PLTR Last Leg? Why Palantir Could Be Approaching a Critical Correction

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Palantir Technologies Inc. (PLTR) continues to dominate the AI-driven data analytics space, recently surging over 130% year-to-date to trade near $184.63. Investors have responded enthusiastically to its expanding government contracts, including a $10 billion U.S. Army deal and a £1.5 billion defense partnership with the U.K. These wins have propelled Palantir’s Q2 earnings past expectations, with $1 billion in revenue and 16 cents EPS. As a result, the company raised its full-year guidance. However, its valuation raises concerns: with a forward P/E ratio above 200, Palantir must deliver sustained earnings growth to justify its premium. Analysts remain divided, issuing a consensus “Hold” rating and setting price targets that range widely from $45 to $215—highlighting both upside potential and valuation risk.

Meanwhile, Palantir continues to expand its commercial reach. It recently partnered with Snowflake to enhance enterprise AI capabilities, further embedding its platforms Foundry, Gotham, Apollo, and AIP into public and private sector operations. This strategic move strengthens its scalability and adoption. Nevertheless, some analysts caution that the stock may be overheated, trading at 277 times forward earnings. If growth expectations falter, Palantir could face downward pressure. Competitors like AMD and ASML are closing in on its market cap and may attract investor attention if Palantir’s valuation proves unsustainable. Ultimately, PLTR offers long-term exposure to the booming AI and big data sectors, but investors should remain vigilant as the market recalibrates.

Elliott Wave Outlook: PLTR Daily Chart Analysis June 02, 2025

Elliott Wave Outlook: PLTR Daily Chart Analysis June 02, 2025

In June, Palantir’s stock plunged to $80.00 and then corrected in a clear three-wave pattern. This decline aligned with the 50% Fibonacci retracement of wave (III), effectively retesting the previous wave IV price zone. From that level, the stock rallied decisively, breaking above the wave (III) high and confirming the completion of wave (IV). Elliott Wave analysis at the time indicated the formation of a new impulse structure—likely wave (V). Wave I of (V) peaked at $125.26, followed by a wave II pullback to $105.32. This setup suggested that Palantir had entered wave ((3)) of III, with bullish momentum building.

As the impulse continued to unfold, we projected further upside toward the $139.86–$162.75 range, where wave III might conclude. If the price failed to show a downward reaction at those levels, wave III would room to extend even higher. This technical structure pointed to a strong bullish cycle, reinforcing Palantir’s positioning for continued gains in the evolving AI and data analytics landscape. Given the setup, the recommended strategy was to buy dips and ride the momentum.

Elliott Wave Outlook: PLTR Daily Chart Analysis October 26, 2025

Elliott Wave Outlook: PLTR Daily Chart Analysis October 26, 2025

In this latest update, we can see that the market extends in wave (V), showing continued bullish momentum. Wave III pushes up to $190.00 before sharply pulling back to $142.34, marking wave IV. Although the price rallies from that low, it does not break above the wave III high. Therefore, we anticipate more upside to complete wave V of (V). This structure suggests that wave V is likely to extend, and we expect the price to move higher as the impulse unfolds.

Currently, the market is targeting the $201.49–$219.79 zone, where a bearish reaction could signal the completion of wave V. If no reaction occurs, prices may continue climbing to even higher levels. Should a correction begin, it would likely revisit the $142.34 level at minimum, with a possible retracement toward $100 per share. However, this remains speculative. For now, the best approach is to wait for price action to reach the proposed zone and monitor the reaction closely.

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From Setup to Payoff: AMD ’s Explosive $100 Rally

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Advanced Micro Devices (AMD) drives substantial growth as it expands into artificial intelligence and data center markets. OpenAI and Oracle validate its roadmap, confirming plans to deploy tens of thousands of MI450 and MI350 accelerators. These chips deliver superior performance and cost efficiency for AI inference, positioning AMD as a strong alternative to NVIDIA. Consequently, analysts forecast AMD’s revenue could reach $46 billion by 2028, with AI-related sales contributing up to $20 billion annually by 2027.

Investor confidence rises sharply. Price targets climb to $300, while bullish scenarios suggest $400 if AMD continues gaining market share. Moreover, AMD reports a 32% year-over-year revenue increase in Q2 2025, fueled by EPYC server CPUs and Ryzen processors. As demand for AI infrastructure intensifies and hyperscalers scale up. AMD’s strategic investments and partnerships strengthen its position as a leading force in next-generation tech innovation.

Elliott Wave Outlook: AMD 30 Min Chart September 25th

Elliott Wave Outlook: AMD 1 hour Chart September 25th

On September 25th, AMD completed a double correction labeled as wave ((b)) at the 149.62 low. Immediately after, the market rallied and formed a leading diagonal structure, which marked the end of wave (i). Then, a pullback began. At that point, we identified a potential double correction (wxy) unfolding as wave (ii). Therefore, we applied Fibonacci to define the extreme zone, which ranged from 155.28 to 151.14. Based on this setup, we anticipated a bounce that would resume the bullish trend. As long as the market stayed above 149.62, our outlook remained valid.

Elliott Wave Outlook: AMD 30 Min Chart September 26th 

Elliott Wave Outlook: AMD 1 hour Chart September 26th 

The next day, the double correction unfolded and completed wave y of (ii) within the expected zone. Immediately afterward, the bullish move began. To confirm the continuation of the uptrend, the market needed to break above wave (i). Once that happened, the probability of holding the 149.64 pivot point increased significantly.

Therefore, we looked for the market to develop an impulsive structure that could generate profits for our setup. With momentum building and technical conditions aligning, we positioned ourselves to capitalize on the upward move. If you’re eager to dive deeper into Elliott Wave Theory and learn how its principles apply to market forecasting, you might find these resources helpful: and .

Elliott Wave Outlook: AMD 1 Hour Chart October 17th

Elliott Wave Outlook: AMD 1 hour Chart October 17th

This is the latest update on AMD. We can clearly see the small extreme zone where we entered our buy position. Shortly after, the market made a strong bullish move, prompting us to adjust the count to a significant impulsive wave. That impulse remains active and should continue driving the rally.

This setup highlights the difference between short-term trading and the behavior of day traders. After one month, AMD has climbed nearly $100, while a day trader likely exited around $160. Many chase quick riches and trade as if there’s no tomorrow—but that approach rarely works. What truly works is a solid setup, disciplined risk control, fractal awareness, and at least a one-month outlook. In the end, long-term investors win—especially when they choose companies with strong market positioning and long-term vision.

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Extreme SMH Zone: Hold Tight or Take Profits?

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The VanEck Semiconductor ETF (SMH) trades within the forecasted extreme zone of 309.83 to 353.03, showing signs of technical overheating. Analysts expect an average 12-month price target of 343.93, with bullish projections reaching up to 451.50. Strong demand for semiconductors—driven by AI, electric vehicles, and cloud infrastructure—continues to push momentum. All major moving averages, from the 10-day to the 200-day, point to a “Buy” signal. At the same time, indicators like RSI and STOCH suggest overbought conditions. Traders should watch for signs of consolidation or a pullback before the next leg higher.

From October 2025 into early 2026, SMH’s direction depends on interest rate trends, chip supply dynamics, and earnings from top holdings such as NVIDIA, TSMC, and Broadcom. The ETF holds a “Moderate Buy” rating, backed by 22 buy recommendations and 4 holds. While long-term growth in semiconductors looks solid, short-term risks may surface from global tensions or cyclical shifts. New investors might wait for clearer support levels or a dip before entering. Those already in the trade could protect gains by trimming positions or setting stop-loss levels as SMH moves through this high-risk zone.

Elliott Wave Outlook: SMH Daily Chart May 13th

SMH Daily Chart May 13th

SMH recently completed a complex double correction (w, x, y), confirming the shift from a failed zigzag (a, b, c) to a deeper structural reset. The breach of wave ((A)) by wave ((C)) and the August 2024 low signaled this transition early, with wave w ending at 200.49, wave x peaking at 269.66 through two diagonal formations, and wave y bottoming at 170.11—right within the Fibonacci extension zone of 186.80 to 167.22. From that low, SMH began a clear impulsive move upward, reinforcing the bullish outlook. As the structure unfolded, corrections in 3, 7, or 11 swings were expected to support the trend. Therefore, buying the dips was the preferred strategy while momentum was holden.

We analyzed to focus on the 309.83 to 353.03 zone as a likely target for wave (V) to complete. This range marks a critical threshold where bullish exhaustion could trigger a broader market correction. With the impulse in motion and technical patterns aligning, traders should stay alert for signs of topping behavior once SMH approaches this zone. The setup favors continued upside in the near term, but disciplined risk management will be key as the ETF enters historically reactive levels.

Elliott Wave Outlook: SMH Daily Chart September 27th

Elliott Wave Outlook: SMH Daily Chart September 27th

SMH continues to push through a strong impulsive structure. All signs suggest wave V is already in motion. The weekly chart hints at wave III still unfolding, but we are going to assume a conservative mood for now. The structure from the 170.11 low remains solid. Bullish momentum dominates unless proven otherwise. We expect wave ((3)) to peak by late September. A swift correction in wave ((4)) may follow through October. If the pattern holds, November and December could bring a final rally. A broader reset may begin in early 2026.

SMH now trades inside the critical 309.83–353.03 zone. This area often signals exhaustion and potential reversal. Traders must stay alert and act with precision. The wave V structure looks clean and actionable. The strategy remains simple: buy dips after corrections in 3, 7, or 11 swings. Momentum still favors the bulls, but risk increases inside this zone. A sharp correction could unfold at any moment. Watch for signs of topping or failed breakouts. Discipline and tactical awareness are essential. Ride the impulse while it lasts but stay ready to pivot.

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OPEN Stock: Real Value Emerging or Just a Retail Trap?

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OPEN ’s makes selling homes easier by offering fast cash offers. Then, it repairs and resells the homes through its platform. Buyers also complete their purchases online. This digital process cuts delays and avoids agent fees. As a result, customers save time and money. Recently, Opendoor added AI tools to improve pricing. Investors now see potential for scalable growth. Still, the company reports losses despite rising demand. Therefore, analysts stay cautious about long-term profits.

Opendoor’s stock soared in 2025, climbing nearly 500% year-to-date. This surge followed a major leadership change. Shopify’s former COO Kaz Nejatian became CEO. Co-founders Keith Rabois and Eric Wu also returned to the board. Investors welcomed the shift and bet on a tech-driven comeback. Moreover, Opendoor announced a new AI-first strategy with $40 million in funding. Nejatian stressed using modern tools to simplify homeownership. This move supports Opendoor’s goal to streamline real estate deals.

Still, challenges remain. The business model is not yet proven. Losses continue despite strong demand. Some analysts predict a price drop to $1.46. Volatility stays high, driven by social media buzz. If interest rates fall, housing demand may grow. That could help Opendoor improve its margins. Until then, the stock trades more on hope than results. So, long-term investors should weigh risks before buying in.

Elliott Wave Outlook: Opendoor OPEN September 2025 Weekly Chart

Elliott Wave Outlook: Opendoor OPEN September 2025 Weekly Chart

Opendoor (OPEN) completed its corrective wave ((II)) from the 2021 high to the $0.51 low. Now, it builds wave I with strong momentum. This impulse structure looks incomplete, so we expect higher prices in the short term. However, entering now remains risky. We prefer to wait for a pullback before committing. After wave I ends, we anticipate a wave II correction with 3, 7, or 11 swings. Therefore, we monitor lower timeframes to identify the best area to end the current rally.

If you’re eager to dive deeper into Elliott Wave Theory and learn how its principles apply to market forecasting, you might find these resources helpful: and .

Elliott Wave Outlook: Opendoor OPEN September 2025 4-Hour Chart

Elliott Wave Outlook: Opendoor OPEN September 2025 4-Hour Chart

On the 4-hour chart, Opendoor trades inside wave ((3)) of I. This wave must form five upward subwaves. Currently, price moves within wave (3) of ((3)). One more push could complete wave (3) near $11.53–$12.39. After that, we expect a pullback as wave (4) before the rally resumes. However, price may extend beyond this zone. If no correction appears, we must adjust the impulse count.

We still expect to continue to the upside until a strong bearish reaction confirms wave I is completed. Once wave I ends, we can estimate wave II’s correction zone. That area will be broad and imprecise because OPEN is highly volatile, and we must review the structure weekly. This helps improve timing and entry. For now, we are waiting for a clear bearish signal before looking for buying opportunities.

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✅ Real-Time Guidance: Get your questions answered in our interactive chat room with expert moderators.

🔥 Special Offer: Start your journey with a 14-day trial for only $0.99. Gain access to exclusive forecasts and Blue Box trade setups. No risks, cancel anytime by reaching out to us at support@elliottwave-forecast.com.

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IONQ Stock Analysis: Resuming the Uptrend After a Brief Correction

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IONQ Inc., a trailblazer in quantum computing, specializes in developing and manufacturing quantum computers. Founded in 2015 by Christopher Monroe and Jung Sang Kim, the company is based in College Park, Maryland.

This technical analysis of IONQ’s weekly stock chart reveals key insights:

  • After a 3-wave pullback, the stock surged to new all-time highs.

  • This breakout confirms the potential for further growth, targeting the 65.84-73.16 range.

  • Based on this analysis, our recommendation is to hold onto your shares, as selling may not be the best strategy at this point.

IONQ Weekly Chart From 4.22.2025

IONQ Stock Analysis: Resuming the Uptrend After a Brief Correction

IONQ’s past update covered stock price action can be broken down as follows: The rally to $35.90 marked the end of wave ((I)), followed by a pullback that formed a double three structure. This pullback consisted of wave (w) ending at $9.16. A bounce in wave (x) to $17.66, and wave (y) concluding at $3.03.

Subsequently, the stock entered an impulse sequence, with wave (I) peaking at $21.60 and wave (II) correcting to $6.22. A strong rally ensued, culminating in wave I at $54.74, followed by a 3-wave pullback in wave II. This pullback unfolded as a zigzag correction: wave ((A)) ended at $25.92, wave ((B)) bounced to $45.56, and wave ((C)) concluded at $17.88.

IONQ Latest Elliott Wave Chart From 9.15.2025

IONQ Stock Analysis: Resuming the Uptrend After a Brief Correction

Since then, IONQ has surged to new all-time highs, indicating potential for further growth towards the $65.84-$73.16 range. Until this target is reached, dips are expected to remain supported within 3, 7, or 11 swings. Based on this analysis, selling is not recommended.

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CRWD in Final Stage: One More High Could Trigger Market Correction

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CrowdStrike (CRWD) leads AI-powered cybersecurity with strong financial results and growing market presence. By mid-2025, its market value passed $104 billion. This shows investor trust, even with ongoing net losses. The Falcon platform boosts ARR through advanced endpoint protection and threat detection. As a result, recent quarters showed steady double-digit ARR growth, raising long-term revenue hopes. Its forward P/E is over 119, showing confidence in future earnings and profitability. CrowdStrike builds partnerships in finance, healthcare, and government to grow its enterprise reach. It also works with major cloud platforms, helping improve scalability and customer adoption.

Analysts stay positive about CrowdStrike, pointing to strong growth and innovation in cybersecurity. Out of 44 analysts, 25 say “Buy” and 19 say “Hold,” showing wide support for the stock. Some bullish forecasts reach $766 by 2030, driven by ARR growth and AI-powered products. Recent upgrades and “Buy” ratings show strong momentum, despite some concerns about valuation. CrowdStrike’s AI-native tools keep gaining traction across industries, boosting long-term investor interest.

Elliott Wave Outlook: CrowdStrike CRWD April 2025 Weekly Chart

Elliott Wave Outlook: CrowdStrike CRWD April 2025 Weekly Chart

In the last update, we revised the structure and introduced a leading diagonal. The original nest concept was adjusted with wave I now labeled as wave (III) and the correction as wave (IV). From here, an impulse wave must develop to complete wave (V). Conservatively, we proposed an ending diagonal for wave (V), requiring wave IV to enter wave I’s area. This adjustment ensured wave (V) aligns with the ideal fractal, maintaining its position as the smallest within the diagonal.

Looking ahead, we expected the bullish trend to continue, forming two additional highs to finalize the structure. Then, the grand super cycle’s ideal completion zone lay between the 493.75–507.59 area, where the market could react downward, marking the end of the cycle and wave ((I)). If so, a significant correction might have followed, potentially pushing CRWD’s price below 250.

If you’re eager to dive deeper into Elliott Wave Theory and learn how its principles apply to market forecasting, you might find these resources helpful: and .

Elliott Wave Outlook: CrowdStrike CRWD September 2025 Weekly Chart

Elliott Wave Outlook: CrowdStrike CRWD September 2025 Weekly Chart

In this new update, wave III ended near the 517 zone and wave IV began its correction. Since wave IV entered wave I’s area, we now expect an ending diagonal to complete wave (V) of ((I)). To confirm this, prices must rise toward the 545.84–589.96 zone, where a strong bearish reaction may occur. Then, we could consider the cycle complete and the correction underway. However, we cannot rule out more bullish extensions in the short term. If the market breaks above 590, a new bullish structure will likely emerge and continue the rally.

Transform Your Trading with Elliott Wave Forecast!

Ready to take control of your trading journey? At Elliott Wave Forecast, we provide the tools you need to stay ahead in the market:

✅ Blue Boxes: Stay ahead in the market with fresh 1-hour charts updated four times daily, daily 4-hour charts on 78 instruments, and precise Blue Box zones that highlight high-probability trade setups based on sequences and cycles.

✅ Live Sessions: Join our daily live discussions and stay on the right side of the market.

✅ Real-Time Guidance: Get your questions answered in our interactive chat room with expert moderators.

🔥 Special Offer: Start your journey with a 14-day trial for only $0.99. Gain access to exclusive forecasts and Blue Box trade setups. No risks, cancel anytime by reaching out to us at support@elliottwave-forecast.com.

💡 Don’t wait and get a DISCOUNT for any plan!

Click in the next link, go to Home Chat and ask for a flat discount code saying that you saw this in Luis’ Blog: 🌐