A very wide rectangle.
A Rectangle is a horizontal trading channel that binds price action inside of it until price breaks up or down from the channel.
This can be a very long term pattern in some cases.
Some may swing trade inside of a Rectangle this big.
The top line is resistance and the bottom is support.
Targets for a break to the upside in green above the structure and possible targets for a break down are in orange below the structure with target 1 being in larger type than T2.
I have traded MRNA off and on but have never been a long term investor.
I guess I do not feel the panic surrounding the pandemic and will last forever, because it seems not much does last forever.
No recommendation.
Former parabolic arc that is best seen on weekly. Most arcs fall at least 50% with the average being between 62 and 79%.
This rectangle formed between the .618 and the .786 of the very long trend up.
Strange (o:
A Rectangle is a horizontal trading channel that binds price action inside of it until price breaks up or down from the channel.
This can be a very long term pattern in some cases.
Some may swing trade inside of a Rectangle this big.
The top line is resistance and the bottom is support.
Targets for a break to the upside in green above the structure and possible targets for a break down are in orange below the structure with target 1 being in larger type than T2.
I have traded MRNA off and on but have never been a long term investor.
I guess I do not feel the panic surrounding the pandemic and will last forever, because it seems not much does last forever.
No recommendation.
Former parabolic arc that is best seen on weekly. Most arcs fall at least 50% with the average being between 62 and 79%.
This rectangle formed between the .618 and the .786 of the very long trend up.
Strange (o:
Comment:
Short at a good entry level