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mologna

ALNY retraction pattern

Short
Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY)  
mologna  
NASDAQ:ALNY   Alnylam Pharmaceuticals, Inc.
elliottwavecorrection short Fibonacci Retracement
1
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elliottwavecorrection short fibonacciretracement
ALNY showing signs of an elliot retraction. This is further confirmed by the choppy peak and the fact we're trading well above the "trend line"

Position: SHORT
Price target: 47.72 (.382 with some cushion)
Stop: 52.80
Logic: Elliot retracement, fibonacci retracement, trading above its trend line
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