BYND Beyond meat retrace at least 50% from recent high to .618

24 giu 2019

After topping at $200, BYND meat looks like its currently correcting after a parabolic raise completing 5 waves up. I think it will pause at a 50% retracement at around $122, which corresponds with the 55 EMA on a 4hr chart. I then think it will dip lower still until it hits around $100, which is the .618 retracement and golden pocket. Potential long opportunity at $100 psychological level.