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:
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.
kazoom1618 said
Visual aid:
https://stockcharts.com/h-sc/ui?s=BYND&p=D&b=5&g=0&id=p21158004735&a=699633115&r=1573656612152&cmd=print
kazoom1618 said
Nice break above the falling resistance line – looking for the gap above to close and the upper trend line touch ~ $100