Upcoming opportunity at specific price floor as soon as correction completes on support level. All recent price swings measured in percentages form inverse H&S pattern and establish a channel relevant for next possible drop for accumulation.
How do you define your support level? All I see is a weekly oversold bounce well positioned for a swing to $28.
fract
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@NightCommando, Support/resistance Levels are in a quantum state, the very act of a touch with fibs defines probability of pullbacks, hence the support and resistance. Its levels are dynamic since angle of incline considers the timing.
NightCommando
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@fract, problem is that if the pullback is so deep this can trade in a range forever. I trade with quants and from the data I've got this is a valid bottom to trade, also considering RTY and other indexes are pushing higher short term (next couple of weeks.) GPRO will be in a setup to break 8.71 next week.