Counts taken from PnF charts are estimates which may or may not be met and in strong trends may be exceeded. Price action is first and foremost in importance guiding us technicians through the swings and roundabouts on any chart.
This is in addition/complementary to the prior post on BAP. A completed base pattern with a breakout with BAP was on hand yesterday ( with a decent volume I must say). A follow through today(21/12) would strengthen the probability of the pattern succeeding. In any case ,there are couple of BULLISH TENTATIVE PRICE OBJECTIVES which I wanted to share. Horizontal Count yields a tentative bullish price objective of $6.99 and vertical count $6.68. Will either be met or even exceeded ?
Disclaimer : BAP held.
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