Hello Traders, BYND has made a corrective low @ $138.- and reversed to the upside within a corrective pattern. Todays price (NDX session included) is @ $165.99! This level is a 0.618 Fibonacci of the first leg down, which implies a „ZigZag“ within a wave (a) down and a wave (b) close to an end. If so to come, BYND ís at forefront to fresh new lows within an impulsive decline. This zone is around the wave ((iv)) low @ $125.28. Note, that there exists an open gap that will be closed at $99.53 on a closing basis. Note also, that at the level of the possible wave (b) high, a „triple-top“ is in place for now and a decline with a solid close below the blue trendline possibly indicates the start of the wave (c) sell off! On the other hand...a breakout below the range of $173, possibly with a gap up will open the door to fresh new highs for BYND in the coming days! I will update the chart if anything important develops!
Have a great weekend.... ruebennase
Feel free to ask or comment. Trading this analyze is at your own risk!