DVN additional 52% increase. A double fractal can be seen from the analysis. This double fractal is composed of a doubled wave sequence. Currently, an ascending wave sequence is under construction. Rising wave sequence target price: 27.72usd
Hi there, out of interest how have you come to this conclusion on the fractal analysis creating 52% increase as the previous 3 months are indicating a bearish flag clearly forming?
Thanks Meszaros.
meszaros
⋅
@sjeans, Thanks for the post. Fractals are also visible to the human eye. A repetitive stream created in a random data series. Stock market fractals, wave sequences that are repeated. These repetitions also happen according to rules. For a 1: 1 fractal, the corrections and trend-wave patterns are the same. Examples are movements within the accumulation range. For the 2: 1 fractal, the correction wave sequences are identical. Trend wave sequences are doubled. This is also the case here.
meszaros
⋅
@sjeans, DVN can have multiple target prices. We can use fair value. This is now 23.41usd. The value given by the fractals is currently higher at 27.72usd. Respectively, the analysis shows an HV (purple line) denoting the levels with high trading volume. All three levels are up. Therefore, it can be seen that the fractal wave analysis and the levels obtained by the 2 other methods project an increase. That's why I'm in a long position.
Thanks Meszaros.