meszaros

GPRO before an increase of 86%.

Long
NASDAQ:GPRO   GoPro, Inc.
GPRO before an increase of 86%. The corrective movement is over. I hypothesize that an ascending wave sequence can be constructed. Two fractals can be seen in the analysis. The ATR axis (wave angle) of the original fractal is flatter than the ATR axis (purple line) of the fractal now under construction. This can mean two things. 1, The rise may accelerate. 2. A more distant target price of 15.03 usd is also available. Since the axis angle of the second fractal is steeper, this means that the ATR values will also increase in the current rise. Therefore, the price movement may accelerate upwards. A short example. The ATR is the car's accelerator pedal. If the car is going down the slope and we tread on the gas, its speed will accelerate. This is the relationship between ATR and price movements. The reverse is also true. If the price movement increases but the ATR decreases, the increase in the price movement will stop sooner or later. This is actually a physical approach to RSI divergence.

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