Possible stop below 274
ABC pattern is only valid if price breaks entry level in a confirmed up trend
Falling wedges are often bullish at the bottom and can signal a reversal in trrend if price breaks up and out of the falling wedge..the top trend line of the falling wedge is 288.7 right now
On hourly, 274 seems to be an area of support but with abc patterns the stop is set under C..and that is 274!
Short interest is low
Be safe
Not a recommendation
ABC pattern is only valid if price breaks entry level in a confirmed up trend
Falling wedges are often bullish at the bottom and can signal a reversal in trrend if price breaks up and out of the falling wedge..the top trend line of the falling wedge is 288.7 right now
On hourly, 274 seems to be an area of support but with abc patterns the stop is set under C..and that is 274!
Short interest is low
Be safe
Not a recommendation
Comment:
BIIB fell below C 268.04 seemed to hold S for now