BYND trade ideas
BYND over 147.25A few things to note here. First, the .5 fib is from a set from all time low to high, so its a big level for price to base over. Second, the way the Bollinger Bands are pinching down means there's decreased volatility meaning 1. Cheaper contracts 2. Decreased periods of volatility precede high volatility, more indication a big move is coming. Third, Ichimoku clouds are a tool I’m still studying. But the confluence of the fib and cloud at the 155.38 mean it will be a stiff resistance level. Once over the cloud will be a bullish signal and can see higher.
BYND, Elliot Wave. Looks like we may be heading into a wave 3, which would be consistent with the general idea sentiment floating about. May dip further in the near future, but assuming we're in the 2nd wave, typically we won't see wave 2 dip below $134, break out to the up side could land us near $180.I guess we'll find out! Welcome all constructive criticism, let me know what you think, if you disagree!