PLTR: Palantir Technologies, Make or Break, Earnings is Monday

Greeting traders and Investors.
The price chart of Palantir technologies is a typical example of bubble and bust.
Back in October of 2020, the stock begin a slow and steady five wave rally that from it low of $8.90 up to $45.00 lasting a period of 16 weeks.
Since then, we have seen a devastating decline that has spanned a period of 66 weeks. This correction ultimately took the shape of a three wave decline.
At this juncture it is important that we take a look at the rules of the wave principle which states that wave two cannot retrace more than 100% of wave one.
If we stay above our critical support of $8.90, we should expect to begin to see some upward moves. If for any reason we traded below this key level, the hope for an upside potential will be dashed away momentarily.
It is worth mentioning that earnings is Monday so I employ you to keep a close eye on the price chart.
Don't forget to leave a like and let me know of your thoughts in the comment section.
Happy Sunday.