Expect upside for the short term followed by massive downside
NVAX has completed its impulse move. Wave A is a leading diagonal which also contains an expanding ending diagonal. This means that there is a large move to the upside that may even pop over the recent maxima. We are currently in this wave B. My expectation is for the move to hit 166.80 as this is the 1.6 extension of wave a within this forming B -- but will not be surprised if slightly higher.
After the completion of wave B, expect a massive 5-wave structure for a wave C to the downside over several months. We shall see.
Triangle forming as a B wave, pointing towards only 1 more wave to the upside. I have lowered my target to 149