TradingView
meszaros
Apr 9, 2019 11:48 AM

BPMX before 600% increase?... Long

Description

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.
More