Palantir (PLTR) will likely post another strong quarter, supported by rapid U.S. commercial growth and expanding AIP adoption. Moreover, analysts expect higher revenue near $1.80B and EPS near $0.33, which signals continued momentum.
Additionally, demand still exceeds capacity, so management may highlight scaling challenges and rising costs. Even so, guidance trends remain bullish, suggesting sustained growth and improving profitability through the next quarter.
Elliott Wave Outlook: PLTR Daily Chart Analysis March 09, 2026
In March 2026, we saw the impulse finish inside the projected zone with both waves (III) and (V) extending. Moreover, wave IV retraced deeply yet still respected all Elliott Wave rules, which kept the structure valid despite its sharp form.
At that time, we believed a Grand Super Cycle had completed after the strong decline. Furthermore, the retracement looked sufficient to suggest the correction might be done, even though downside risk remained. If price broke 126.23, we expected buyers to appear inside the $104–$80 zone to complete wave ((II)) pullback.
Elliott Wave Principle Behind the Market Structure
Impulse
An impulse is a clean 5‑wave pattern that drives the trend forward.
- Waves 1‑3‑5 are strong and directional.
- No overlap between waves 1 and 4.
- Wave 3 is usually the strongest.
- Structure is clear, with increasing momentum.
Wave Extensions
Extensions occur when one impulsive wave becomes significantly longer and more powerful than the others.
Most commonly, wave 3 extends, creating the longest and most explosive leg.
An extended wave subdivides into a clear, elongated 5‑wave pattern.
The other two impulsive waves remain shorter and more proportional.
Extensions highlight where the market’s strongest momentum is concentrated.
Elliott Wave Outlook: PLTR Daily Chart Analysis June 27, 2026
The new update shows the structure changed as the market moved lower in a leading diagonal ending wave (a). Moreover, we saw a three‑wave rebound that confirmed wave (b) because price broke below wave (a).
While price stays below wave (b), we expect more downside toward 77.96–25.02 to complete wave ((II)). Consequently, we anticipate that zone will finish the correction and allow the market to resume its bullish trend.
Source: https://elliottwave-forecast.com/stock-market/pltr-breaks-lower-key-support-rally-recharge/