SUMMARY
Long ago, about 29 days, I had analyzed and recommended BiQuence (BQX) and the below chart was presented when BQX was $0.60. BQX has been rebranded as ETHOS. Whether this was the news or event that has justified the forecast, I'm not certain, but it sure fits the bill! This is EXACTLY yet another example on how NEWs and Events DO NOT move the price...rather PRICE moves the NEWS and EVENTS. This is the same as my frequent statement: News or Events shall arrive to justify the forecast!
Today, BQX has SHOT UP to $2.01 providing a whopping 235% MASSIVE PROFIT!! The run is not done either because the below chart shows a symmetrical triangle consolidation and so higher ALL TIME NEW highs are expected!
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
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Legal Mumbo Jumbo: 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.**