An intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
This is my take on BNED. Not looking too good on the Elliot count. Not something I would hold right now.
Anyways..... This is the last chart for tonight.
It looks like I was 3 days behind my goal of posting a chart every day.
Completion of the correction gives a good short signal. The fall can be expected at a minimum to levels of 5 - 5.20 $.
The first level of resistance can meet already at 6 - 6.20 $. If the price is consolidated on the basis of this level, you should transfer the position to a break-even zone.