$BLL Expected Bull Wedge Breakout Has Happened, Here Are Refined Targets

Last anticipated here, the bull wedge on $BLL has broken out. Based on the initial move, we may develop a couple of expectations.

  1. A retest of the wedge would be consistent with a wave 2 (50-61.8% retracement in the small orange box below).
  2. From there, we may expect a rally for the third wave taking us to the target box above us.

BLL


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