Moderna (MRNA) Harmonics at work
Moderna with harmonics patterns applied is an interesting study.
A harmonic Bat completion in early November 2020 led to an 80% gain.
The price checked back for another possible price assault beginning December 10th.
My thinking is that the price rises to approach and the second Bat target in the $465 area
This would coincide with a developing Gartley target objective in the $440-470 area.
This suggests a 2:1 risk reward ratio.
Always keep in mind the direction and the volatility of general markets.
Just an idea to follow. Do your own due diligence .
Educational, not investment advice.
S.
A harmonic Bat completion in early November 2020 led to an 80% gain.
The price checked back for another possible price assault beginning December 10th.
My thinking is that the price rises to approach and the second Bat target in the $465 area
This would coincide with a developing Gartley target objective in the $440-470 area.
This suggests a 2:1 risk reward ratio.
Always keep in mind the direction and the volatility of general markets.
Just an idea to follow. Do your own due diligence .
Educational, not investment advice.
S.
Note
Note
A real tug of war....Note
Looks like the Bearish Butterfly in in charge...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.