Stellar has broken out of the daily wedge pattern.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Stellar has completed one cycle from the December 6 low in the one-hour chart. The five wave advance finished on the December 7, and the three wave correction ended on the December 8. If this wave count is correct, Stellar should be heading next towards the December 7 peak.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Stellar.
If you think this analysis is correct, upvote this post and upvote the comment "Stellar will takeout the September 28 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Stellar will drop below the December 6 low".
If you think Stellar is in a range, upvote this post and upvote the comment "Stellar will stay in a trading range between the December 6 low and the September 28 peak until January 5, 2017".
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