I've spotted some bullish harmonic patterns on Moderna (MRNA) that are showing strong potential! π There's one fully formed pattern and another one waiting to complete. π The Relative Volume (RVOL) average is backing the strong support levels, suggesting that MRNA might be bottoming out around this area. π
π Chart Analysis:
1οΈβ£ The current pattern shows a potential reversal from the recent downtrend, with significant support around the $104.91 level.
2οΈβ£ The RVOL indicates increased buying interest, which further supports the likelihood of a bullish move. π
π― Trade Setup:
Entry Point: Look for confirmations around the support level.
Target 1: $136 π°
Stop Loss: $104.91 π¨
π Why I'm Interested:
The combination of harmonic patterns and strong RVOL support makes this setup particularly compelling. Harmonics often signal high probability reversals, and the volume support adds another layer of confidence. ππ
π
Timeframe: I'm looking at this setup on a 3H chart, which means it could take a couple of days to fully play out. β³
π Stay Updated: Make sure to keep an eye on the price action and adjust your strategy as needed. Happy trading! π―
#MRNA #Harmonics #RVOL #Trading #StockMarket #TechnicalAnalysis #TradeTalkFarsi ππ