Boolberry has broken out of the wedge pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Boolberry has completed five waves from the June 13 low. The five wave advance finished on the September 13, and the three wave correction ended on the December 7. If this wave count is correct, Boolberry should be heading next towards the September 13 peak.
(Chart courtesy of Tradingview.com)
In the weekly chart, Boolberry is most likely in the wave three (sub-wave iii). The wave one started in December 2015, and ended in February 2016. The wave two correction finished on the June 13.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Boolberry.
If you think this analysis is correct, upvote this post and upvote the comment "Boolberry will takeout the October 27 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Boolberry will drop below the December 7 low".
If you think Boolberry is in a range, upvote this post and upvote the comment "Boolberry will stay in a trading range between the December 7 low and the October 27 peak until January 5, 2017".
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