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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🚨 FREE PREMIUM Trades + Top Results
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🚨 FREE Quality Content + New Results
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🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
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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.