SUMMARY
Global Boost-Y (BSTY) is thinly traded which means liquidity might not be able to ensure transactions of high volumes. The below chart shows an impulse set of white waves followed by a correction in the form of a Cup & Handle pattern. The subsequent impulse has also started again as price surged out of the handle formation and has come back to the start position because it couldn't sustain a vertical move. However, this doesn't mean the breakout is finished, as it's just getting started. This means that casting a buy ladder could be attractive but have a wider than usual net.
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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