dRends35

BNTX - Biotechnology Bear Begins

Short
dRends35 Updated   
NASDAQ:BNTX   BioNTech SE
BNTX looks to be completing a primary B wave retracement to begin the bio bear market.

Target $167.

Not advice.
Comment:
Comment:
Down 20% the following day. Thats a good start for team bear. 🐾
Comment:
Will probably test resistance and retrace to 0.382, could carry on up to test diagonal trend - we'll see.

Comment:
0.382 and resistance tagged. Price in contracting retracement as seen by BB. Will probably drop at least to 1:0.618 @ $260 from here to complete minor C wave.

Comment:
Comment:
Price hits 0.618
Comment:
Target hit. Any questions? 🤔
Comment:
This worked well.

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