$MRNA
Added 2024-06-18 09:05:14 +0000 UTCI know a lot of members are watching this and I am too, price is just on the 0.38 Fib at $137 but we can see that the 0.5 Fib and the 50 Day MA has made a confluence level at the same price at $127, so we can not rule out the price action going this low, either level is suitable to hold to complete Wave 4.
What we do not want to see is the price infringe below the top of Wave 1 at $115, this would invalidate the impulse move.
Positive news has been coming out of $MRNA so I suspect the price will hold.
Comments
Same pattern repeat as peak Jan 2024 (1) and length of draw in to (2) February. Measure that distance and it will probably play put similar before pivot.
Mustang
2024-06-18 09:19:36 +0000 UTC
