GOPRO End of correction. The technical analysis shows that in the longer term,
GPRO
is moving into a wider channel. The top and the bottom of it are ATR axes. It can also be seen that in a symmetrical wave structure, it went out of the lower channel (yellow wave cycle) but after a few days it rose back up towards the bottom of the channel axis. This is currently being back tested. It is expected that in the coming days the back testing will be completed and a strong rising wave sequence may develop with a primary target price of the upper ATR axis of the channel. This level is 16.85 usd
GPRO
is moving into a wider channel. The top and the bottom of it are ATR axes. It can also be seen that in a symmetrical wave structure, it went out of the lower channel (yellow wave cycle) but after a few days it rose back up towards the bottom of the channel axis. This is currently being back tested. It is expected that in the coming days the back testing will be completed and a strong rising wave sequence may develop with a primary target price of the upper ATR axis of the channel. This level is 16.85 usd