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November 12th, 2019: BYND 4-Hour Chart

Posted by pugsma on November 12, 2019

BYND price initially made a 5-wave move up from the IPO price of $25 to a high of $239.71; possible Primary 1 (P1) wave.

BYND price next a made 3-wave move down from $239.71 to $73.38; possible Primary 2 (P2) wave, where major [C]=[A]=70.85 and the 78% Fibonacci retracement of 72.24.

Primary 3 (P3) wave target is at 1.62*P1 = $420.

BYND 4-Hour Chart:

BYND Technical Analysis

3 Responses to “November 12th, 2019: BYND 4-Hour Chart”

  1. kazoom1618 said

    There is a H&S setup with neckline at $136 and head at $240. This would normally target $32, but given the huge 10:1 range so far, its curious that on a LOG scale, the chart displays a head/neckline height that would target $75 – in line with the wedge that has formed.

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