Elliott Wave Technical Analysis: Biogen Inc. - Wednesday, March 8

By Peter Mathers of Trading Lounge

Elliott Wave Analyst - tradinglounge • Mar 8, 2023 at 10:40 AM EST

Looking for a bottom in wave {v} to then look for longs.

red and blue light streaks

Photo by Maxim Hopman on Unsplash

Biogen Inc., Elliott Wave Technical Analysis

Biogen Inc., (Nasdaq: BIIB): Daily Chart, 08 March 23,

BIIB Stock Market Analysis: Moving as expected, at this point, we could see upside resumption anytime soon as we have a clear three wave move to the downside.

BIIB Elliott Wave Count: Wave {v} of C.

BIIB Technical Indicators: Above 200EMA average.

BIIB Trading Strategy: Looking for a bottom in wave {v} to then look for longs.

Analyst: Alessio Barretta

Biogen Inc., BIIB: 4-hour Chart, 08 March 2023.

Biogen Inc., Elliott Wave Technical Analysis

BIIB Stock Market Analysis: After what seems to be a triangle in wave {v} we managed to push lower and break the bottom of wave A. We are looking at a pivotal point anytime soon, or else we could extend lower to reach equality of C vs. A.

BIIB Elliott Wave count: Wave {v} of C.

BIIB Technical Indicators: Below all averages

BIIB Trading Strategy: Looking for a bottom in wave {v} to then look for longs.

More By This Author:

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