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vergun
Apr 4, 2020 12:21 PM

$BYND headed higher; tracking broad indexes. 

Beyond Meat, Inc.NASDAQ

Description

BYND completed the (B) wave (lilac B) of a simple zig-zag correction (3-3-5); now it is heading up to the red box to complete the lilac C. The lilac C will be structured as a 5-wave impulsive move to the upside and waves (1) and (2) of that impulsive move completed on Friday. After that lilac C completes BYND should target new lows.

Trade closed: target reached

Indexes are very close to topping, longs should start looking for areas to exit. Traders should begin looking for high quality levels to short starting early to mid next week.
Comments
Steve-green
Great reading, spot on.
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