Beyond Meat Crash Review!

My first try looking for a wave count fail by a wide margin which was around the $74 price level.  Retail participants don’t care about any value they just don’t want to be left behind.

If you owned BYND then you only had a 1-2 day window to unload!  Selling into the spike is the best but if you see the spike or not, all depends on how you manipulate your charts.

I think this chart is heading into a bear market as a major price peak is already in by late Friday. We have a large gap open below present prices which I think will get filled at the $100 price level.

Bear market rallies retrace themselves and we have to wait and see if BYND falls below its IPO price.

The spike high was around the $185 but the charts only quote $150.  At best the $60-$70 price level may produce some support but solar cycle 24 could be pulling Beyond Meat down as well.

Back in May, I took a Gold/BYND ratio reading which was about 18:1 with the recent ratio reading of only 7.44:1.

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