PLG 148% rise ahead.
PLG 148% rise ahead. The current analysis assumes a further rise. The chart shows that the price action of PLG stock is moving up from an accumulation range. It can be seen that the width of the accumulation range was 39% below the local peaks, as in the previous case. This means that the wave sequence currently being built is a fractal of the accumulation movement seen previously. Furthermore, it can be seen that its size is twice the size of the previous sequence. These two conditions are the basis for fractals. From this we conclude that the rising wave sequence now being built will also be a fractal of the previous rising wave sequence. Continuing the train of thought, not only can the uptrend be repeated, but by the fractal rules mentioned earlier, the uptrend now being built can be a double of the previous uptrend sequence. The figure shows two dotted white lines. These are the ATR axes, which in both cases coincide with the axes formed by the local peaks. Currently, the second ATR axis is being back-projected. It can be seen that the backscatter wave is also double the backscatter wave of the previous ATR axis. From what has been described above, the following can be concluded. The PLG exchange rate is rising. It is advisable to consider taking a LONG position. Target price : 12.86 usd
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