Since I last posted a lot happen with BQX.
In my last post I said that BQX is at a major resistance line after breaking out of a cup and handle pattern.
After that cup and handle patter we enter in a big bullish triangle pattern, that formed another one inside:
And it's no coincidence that if we measure the target prices of these lines they are almost exact at Fibb mathematical lines that were set up from the beginning.
First one is around 1.40 $ were the all time high was.
Second is at 1.80 $.
I am still expecting a higher low and then see ya at 1.40 $ for sure.
For those interested in Elliot Wave counting this is my current count:
All the best,
ennNzai
Legal: No trading advice for you, only educational.
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