meszaros

GPRO before a further 14% decline...

NASDAQ:GPRO   GoPro, Inc.
Most likely, the last downward wave is building up before a more sustained rise. Nevertheless, we are talking about an extremely speculative instrument. Although the GPRO price decline is always panicky, I still argue that the current sequence is the "forerunner" of another sustained rise. Looking at the analysis, we can see that the exchange rate is in a round fractal structure. Sequence 2-2-1-1 After completing the second (1) fractal (red square), I expect a rise. In the meantime, it is advisable to take a short position to achieve a 14% profit. Or wait for the long position to be recorded. The target for the short position is 3.45usd

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.