BPMX before the 122% rise.BPMX before the 122% rise. continuing my analysis. Penny trades require a lot of patience. This is not only true for BPMX. The exchange began to build a so-called impulse fractal. The rise in the exchange rate started from an accumulation range. My assumption is that the percentage of the rising fractal will be the same as that of the starting fractal. Therefore, the target price can be 1.45usd.
BPMX
BPMX is up another 319%.BPMX is up another 319%. My previous analysis accurately signaled the rise. My current analysis seeks an answer to what kind of movement the exchange rate might be in the future. Let's look at the analysis. The chart shows that the chart is fractal. It can also be seen that the ATR closing values were 28% higher for both correction fractals. This rule is used for further prediction. Our assumption is that if the amplitude at the ATR closures is 28% in both cases, the chart will be fractured. If this is true, another nearly 310% ascending wave sequence may be copied. The target price for this is 1.86usd
BPMX next target 0.67usd...BPMX next target 0.67usd. In case the exchange rate continues to move, I expect another rising wave sequence. The gray squares in the analysis are ATR areas. From this it can be seen that the currently constructed rising wave sequence is twice the previous one (because its ATR is also double), therefore I assume that the amplitude of the emerging wave will be twice the previous one as well. According to the rules of the wave sequence. In this case, the next target price could be US $ 0.67.
BPMX before rising 250%... After a US $ 0.34 backtest, the exchange rate may start to rise more strongly. The rise can have a pulse wave sequence property. The rise target price is US $ 1.02.
BPMX before rising 228%... The exchange rate decreases in a triple wave sequence. At the completion of the triple wave sequences, a nearly 200% increase occurs. We are still at the end of such a wave sequence. That's why I'm looking forward to the 228% corrective phase. However, it should be noted that the fair value of the stock is 0.114 usd. It's depressing. In case the technical analysis wins, the target price could be 1.26usd.
(BPMX) It is time to take the other road! Plz Take Me away! Hello Traders :)
All the indications I see in AMEX:BPMX tell me that this could be the reversal point. This is one of the moments where we can always decide easily! which trend to take! So here is our strategy :)
Strategy
Aim for a long position for the following reasons!!!
1- Divergence exists in weekly time-frame all the way since 2016!
2- A bullish BAR and the price could not go lower than 0.51$
3- Price Gap between the 3 lines and the price.
Hence, we should place a buy position when the price reaches higher than 0.67$ "it should be a buy stop order ideally". Our loss stop is the lowest price 0.50$ . When your buy order triggers, and you please your stop loss, please sleep on this trade! do not target short term profit!!! just respect our loss stop! I know, we could lose over 32% of our trades!! if you are not comfortable with this loss! then do not get in!
Please note we should not enter the trade if the price did go higher than 0.68$ .
If BPMX price reached 0.68$ and our buy stop triggered, we should place a loss stop immediately as I mentioned above. On top of that, there is a possibility that this is not the end of the trend, therefore, we should place a sell stop order @ 0.50$ . There is also a possibility that there will be a new low to be achieved and this is only for short trading strategy.
Happy Freaking Trading
Harbs
BPMX exchange rate before 120% increase... The exchange rate reached a correction level of 1.18 usd. I expect a rise from this level. Currently, neither motion nor fractal motion can be identified on the graph, so it is advisable to use the ATR axis strategy. In the event that this strategy is outlined or the theory of further movement is based on this theory, the rule system dictates that the back test for the ATR axis is considered a target price. This is 3.12 usd. 120% increase from the current level.
BPMX 67% technical rise... According to the previous analysis, the exchange rate may start to rise. Initially, the rise could be a 67% technical rise. The rise target price is 0.1278 usd.
BPMX before 600% increase?... 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.
BPMX before 33% increase. The exchange rate can make a move with increasing volatility. The motion of the wave increases. The current wave target price may be 0.1327. Then, I expect a stronger corrective motion. After completing this, I assume a 130% gain with a target price of 0.1832.
BPMX exchange rate before 350% increase... The exchange rate builds a double wave structure. This wave structure can also be a drag structure. The second map of the first fractal is shown in the figure. If the calculated strategy is correct, its target price is 0.5250 usd. The current level is 350% increase.
BPMX 157% increase... In the exchange rate we expect a double impulse to rise. The exchange rate reached 0,1240 levels at the correction level. We expect a return to this level. The first rising pulse wave is expected to be 36%, with a target price of 0.1649 usd. At this level, we assume a correction or consolidation. Then we are waiting for a 113% re-pulse wave. For this dual pulse wave structure, the target price may be 0.3119 usd. Which is from the current level of 157% rise.
BPMX primary target price 0.3671... The exchange rate rises. A minor correction is still in progress but we use them for long positions. The exchange rate is expected to increase more strongly, with a target price of around 0.3671. If the analysis is correct, further analysis can be made of the new wave structure.
Remember, the BPMX price target is 1.5 usd... The exchange rate is ready to increase. We strongly stress that 2x fractal structure can be formed as shown. This move can reach the 0.5631 usd level. Then, after a short correction, the exchange rate may reach a larger "accelerating band". The second stiffer W1 ATR axle indicates this. The target price of W1 is 1.5 usd. The current level is 650% profit
BPMX entry at 0.1600... The exchange rate may be ahead of a significant increase. The turn is expected from around 0.1600 levels. The parameters of current exchange rate movements can be deduced from fractal movement. If the theory is correct, the next future exchange rate movement may occur. The figure shows up to 1.2 usd levels in the middle of next year.
After BPMX correction again rise...We expect a further significant increase with the completion of the correction. The end of the correction can be given by a D1 wave axis or a D1 ATR axis. This may range from 0.1615 to 0.1718. We expect a rise from this level. The second rising wave structure (23) may be strong and steep. Increased speed is predicted by the rising ATR. We expect the lifting speed to be so large that the D1 ATR shaft in its path moves without correction. Let us also assume that the next resistance level, a D1 mirrored wave axis, may be reversed by the exchange rate. The D1 wave axis and the D1 ATR axis are one of the strongest in the stock exchange statistical boundary, and here the exchange rate is closed for a longer period of time. Then, out of this range, it can reach the 0.8500 primary target price.
Repeats BPMX past? ...Repeats BPMX past? Perhaps. What we see in the exchange rate is a possible recurrence of a recent motion sequence. The theory of motion sequencing can be supported by the ATR axes of the same angle and the very similar valley ascending angles. If we continue to think correctly, we have reason to believe that the exchange rate is rising, just like the recent one. We are currently awaiting this future predicted movement path.
BPMX long...A possible predictive wave path. The exchange rate generates a triple ascending wave structure. The wave structure can be supported by two ATR axes. If the rising wave structure could accelerate, the target price of the third wave structure could be around 0.8500 usd.
Next week, 0.2760 ? ... If we accept that the exchange rates move on the basis of wave motion, if we believe in the ATRs in the indicators, then we have to consider the predictable calculations they can count on. Current ATR calculations show that the BPMX exchange rate may start pulse in the first couple of days of the week. All the technical parameters have been assigned to this movement. The target price for this impulse may be around 0.2760 levels.
BPMX starts to rise ? ... Yes, the exchange rate may start to increase steadily. Currently, an ABC dual wave is available. The first wave structure, which can be constructed from two subwaves, can be constructed at a target price of 0.5063. Then we expect a correction with a triple wave wave structure. Then the second wave structure was set up, with a target price of 0.8335
we are waiting for a pulse wave...At the exchange rate we reached the bottom of the ABC correction. The two correction waves consist of a full decreasing wave structure and two half wave. We're expecting a rising pulse wave this week. As a rule, the size should be greater than the distance D1 ATR. Converted to a score of 0.1919 for the exchange rate. The rising wave structure is 0.3448.
Alkaline with the pear ...Alkaline with the pear ... yes. We can see two exchange rate curves. One of them is NOG (Northern Oil and Gas Inc.) and BPMX (Biopharmx Corp.). In the previous analysis, the exchange rate was declining, reaching the target price of 0.1410. However, a spike arrived at 0.1681 levels. It is likely to be considered a target price. Mingke's exchange rate moved to an ABC correction of a regular elliptic wave structure. Therefore, in the current BPMX exchange rate, we can hardly assume that shortly afterwards, technically, it will begin the correction of the exit and a 3-wave elliot wave structure will begin to rise.
BPMX is the last drop in wave...BPMX is the last drop in wave. We have no doubt that BPMX's price rises. If we look at the figure, it is clear that we have come to the second wave of decreasing fractal waves. The bottom of this decline is around 0.1410 usd. At this level, you can play a raise.
