Theis my long term projection for the above stock
My long term outlook for Brilliance
Currently Bossini has broken a multi year 2 down trend lines. We are waiting for the end of the month to have a close above the second trend line. As you can see from the increased volume on the way up and decreasing volume on the way down this is usually a very positive sign. Important resistance levels are displayed.
In my reading of the Elliottwave structure and previous idea posted on the day of the bottom in Bitcoin, I see it falling further to the area around 5500 and from there to minimum 18300 and possibly 20000. Good luck and trade safely
This my outlook for the pair for this year.
My expectation for the pair to behave in the 2-3 years
Sell and aim for lower trend line. should go fast to target.
My alternative expectation for Cable wave patterns mixing different schools of analysis.
My long term Elliott Waves projection for Cable
GBPUSD is in the final leg from its upward movement. The black lines are the target and I would definitely go for the second target and the third cannot be discounted
Sell market with the top as the stop and aim for the green line. Happy trading.
Buy market Stop loss 1,277 Target 1,287, 1,296 and 1,305 good luck
Flag pattern is active and cup and handle is in play with the addition of my wave counting.
Look for price action for entry and exit. Trade safely.
Sell on the daily close below the trend line. Close 90% on 1.55555. the rest on 1.53333.