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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.