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This would be the BEST case scenario. Lots of ways to count but again this is the count with the quickest turn around. Because of the lack of conviction, it has to prove the turn to me. $3.00 is the ideal area for this idea. Then it need to put an impulse up with a correction facing down as illustrated.
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BBAI trade ideas
Possible Descending Triangle Possible descending triangle on BBAI. The break down target is around 2.8 and and break to the upside upper 6 dollars. I am under the impression price breaks to the downside, but I have no idea. I will buy a put instead of shorting to manage risk. This thing could easily squeeze higher and I don't want to try to cover a short. The premium on the put is not that bad a few months out.
Not financial advice.