$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 stängt: målet nått:
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.