Nvax analysis
I can't find any bull case (just yet) on technicals. Although, there are few targets for bears here. It seems that we have a bear flag and Abcde move. The e wave, which is form from ABC wave, has 3 possible targets according to fib levels, all inside in the flag... We are touching the 1st at close. (sometimes the e wave is shorter)
If we have a break down next week, there are 2 targets. 1st the bear flag pole (64$). Which is exactly at last fib level of the possible wave C within the X wave. Also touching a trendline there. So it is a very high probability to stop there.
2nd the SHS pattern. That's the worst case for longs, because it can take us down to 58. The good thing with it is that, there is the demand area which can do very strong reversal move imo.
Good luck to all
If we have a break down next week, there are 2 targets. 1st the bear flag pole (64$). Which is exactly at last fib level of the possible wave C within the X wave. Also touching a trendline there. So it is a very high probability to stop there.
2nd the SHS pattern. That's the worst case for longs, because it can take us down to 58. The good thing with it is that, there is the demand area which can do very strong reversal move imo.
Good luck to all
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.