Quatloo has broken the wedge pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Quatloo is currently in the wave three in the daily chart. The wave one began on June 19, 2016, and finished on September 4, 2016. The wave two correction ended on January 4. If this wave count is correct, Quatloo should be heading next towards the September 4, 2016 peak.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Quatloo.
If you think this analysis is correct, upvote this post and upvote the comment "Quatloo will takeout the October 10, 2016 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Quatloo will drop below the January 4 low".
If you think Quatloo is in a range, upvote this post and upvote the comment "Quatloo will stay in a trading range between the January 4 low and the October 10, 2016 peak until February 12".
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