$BYND headed higher; tracking broad indexes.

Beyond Meat, Inc. (NASDAQ:BYND)

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NASDAQ:BYND Beyond Meat, Inc.

$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.

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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.

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