0R1C trade ideas
GPRO WeeklySo, I explained on the chart. It doesn't have to go all the way down to trend line, but that would mean a truncated 5th wave of a 5th wave. So, if the company was going to succeed, that would signify a possible good long term buy. But watch price off the 200ma on 4hr. May get a buy entry from that spot for at least a scalp.
GPROGO Pro looks to be in an ending diagonal for it's 5th wave of long decline. looks to be retracing some at least. It can correct and continue up, but I would be looking for a 3 wave structure here then one more down. I will post it zoomed out so you can see what I mean. The top trend line can be moved up and this small wave can turn into a larger 3 wave. Whether or not you want to invest long term, check the fundamentals, I am not up to speed, but please look at my zoomed out post in a minute to see what I mean. It will probably at least be correcting down to the 200 ma, but safe entry was from the small ending diagonal.
GoPro undervalued ?Extremely risky trade opportunity. But the setup is good.
Short term: Moving in uptrend channel and cloud. target is 6.50$.
Long term: falling wedge reversal could lead to a breakout and targets above 12$.
Stops below cloud at around 5$. Either enter on the kijun retest and place tight SL or wait for the breakout and cloud turning green.
GOPROthe Macad give clear buy signal since 4.68 with first target 6.59 strong support 4.87 , we have a lot of good news and it will increase ,so if you did buy and you are in profit put the stop loss at 4.87 and don"t close until reach the first target 6.59 ,then move the stop loss 5.82 and continues
A flat wave wave structure...A flat wave wave structure. Slowly everybody gets tired of this continuous fall. The figure shows a "main wave" motion (green) and indicates a "response wave" (red). Both types have dual wave structure. The "Main Wave" (0A) section is 25 percent larger than the second (BC) section. The same can be said about the "response wave" structure. The "response wave" (0A) is 25 percent larger than the current waveform (BC) second wave structure. If it is correct the idea of the GPRO price is rising slowly, the target price is 7.99 usd.
