We have a lower high, compare this past 16-November to 4-August.
We also have a clear bearish pattern in the form of a rising wedge.
Going by the candlesticks, we can spot some bearish signals there as well.
16-Nov. Doji is a bearish candle.
18-Nov. another bearish candle, confirmation of the previous one.
Today we gapped lower which gives strength to the bears.
A correction can easily form here.
CHANGE
MRNA needs to break and close above 188.65 for the bullish momentum to resume.
Trading below 185 spells doom.
Support levels/targets are marked in light blue.
Namaste.
We also have a clear bearish pattern in the form of a rising wedge.
Going by the candlesticks, we can spot some bearish signals there as well.
16-Nov. Doji is a bearish candle.
18-Nov. another bearish candle, confirmation of the previous one.
Today we gapped lower which gives strength to the bears.
A correction can easily form here.
CHANGE
MRNA needs to break and close above 188.65 for the bullish momentum to resume.
Trading below 185 spells doom.
Support levels/targets are marked in light blue.
Namaste.
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🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
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(Click & Claim Your FREE Pizza! 🍕)
Related publications
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.