BLBroke through resistance and sitting at new highs. MACD bullish crossover should push this higher.
1BL trade ideas
The price of BLACKLINE shares corrective action...The price of BLACKLINE shares corrective action. The next correction wave size may be half the size of the previous correction wave. This means that the flop reduction may be stopped by the flat ATR axis at the level of USD 28.89. Then, on the basis of the wave rule, I expect a rising wave of double amplitude. For this purpose, it would be close to 39.68 usd.
After a big fall, it's even bigger...After a big fall, it's even bigger. We are of opinion that BLACKLINE shares will continue to fall in the long run. But before it, a correction precedes it. From 28 usd level, with a flat increase to reach USD 35,41. The bigger fall is here. Up to 14,52 usd. At this level, after long period of consolidation ,we expected the exchange rate to rise again.
