I know the news about Moderna is hype right now but technicals are showing a bearish divergence from the RSI.
Based on the "Lazy Elliott" Forecast, if you're going to assume this plot to be an impulse wave, wave 3 from this perspective might be complete already.
One way to verify is if the price closes below the 161.8% level, it might signal the start of wave 4.
Assuming further that wave 4 might be a "simple" correction compared to wave 2 (applying rule of alternation because 2 looks "complex", correct me if I'm wrong)
Watch if the price doesn't go beyond the 100% level support.
Be open for an extended wave 3 if the hype continues (261.8% above)
Based on the "Lazy Elliott" Forecast, if you're going to assume this plot to be an impulse wave, wave 3 from this perspective might be complete already.
One way to verify is if the price closes below the 161.8% level, it might signal the start of wave 4.
Assuming further that wave 4 might be a "simple" correction compared to wave 2 (applying rule of alternation because 2 looks "complex", correct me if I'm wrong)
Watch if the price doesn't go beyond the 100% level support.
Be open for an extended wave 3 if the hype continues (261.8% above)
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.