meszaros

BPMX before 600% increase?...

Long
AMEX:BPMX   None
If we look at the graph of BPMX, it is obvious that the exchange rate moves with a falling ATR. Wave and fractal structures can be identified behind the decreasing ATR. Visible (yellow square) is currently the last wave structure. The next structure, assuming a fractal structure is built up, can be double. The figure shows that the decreasing ranges consisted of 3 and a half wave structures. In other words, a 3 and a half wave structure has built a fractal structure. Currently, we can stand before a rising fractal structure. I repeat, if fractal, we should see fractal laws while recovering. So the size of the next rising structure is twice the size of the resulting fractal. We are waiting for this now. The target price is 0.5768 usd in the long run.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.