Beyond Meat - H&S or Falling Wedge?
Just an Idea. Do not trade based on my Analysis. You've been warned.
For BYND there are two Possibilities, either it will break down or up. There are two patterns, a Head & Shoulders which is Bearish and also a Falling Wedge which is Bullish. Both pattern are not confirmed yet and also not invalidated, trade the Breakout, wait for Conformation.
Head & Shoulders
https://www.dailyfx.com/education/technical-analysis-chart-patterns/head-and-shoulders-pattern.html
Falling Wedge
https://www.dailyfx.com/education/technical-analysis-chart-patterns/falling-wedge.html
For BYND there are two Possibilities, either it will break down or up. There are two patterns, a Head & Shoulders which is Bearish and also a Falling Wedge which is Bullish. Both pattern are not confirmed yet and also not invalidated, trade the Breakout, wait for Conformation.
Head & Shoulders
https://www.dailyfx.com/education/technical-analysis-chart-patterns/head-and-shoulders-pattern.html
Falling Wedge
https://www.dailyfx.com/education/technical-analysis-chart-patterns/falling-wedge.html
Web:
UNDER C.
Follow me on Twitter:
twitter.com/blauersamt_
UNDER C.
Follow me on Twitter:
twitter.com/blauersamt_
Web:
UNDER C.
Follow me on Twitter:
twitter.com/blauersamt_
UNDER C.
Follow me on Twitter:
twitter.com/blauersamt_
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