$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.


Note: When my work is first published on this website, it is made available to patrons who support my work through my Patreon account. Over time (usually after a period of a few months), I make the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page.