NOG before 60% rise... The exchange rate creates a symmetrical movement on the wave axis (green). This wave structure may have a larger ascent stage. Target price for the ascent is 4.37 usd. I further assume that after the next rise, the exchange rate will change into a fractal structure, but I will continue to interpret it in the next analysis. To be continued....
NOG
NOG has arrived at a 10% drop...NOG has arrived at a 10% drop. In my previous analysis, I assumed a 10% fall in the next day. This is technically caused by a low ATR passing through the center of a wave axis. In the coming days, I expect a 20% increase. The target price is 3.17 usd. A small sidewall in the yellow rectangle cannot be excluded.
NOG before 10% reduction in the short term...NOG before 10% reduction in the short term. The exchange rate shows signs of weakening. Therefore, in a few days' time, I assume that it falls back into the rectangle marked with the yellow line and begins to move sideways. After accumulating, I expect an outbreak of 3.02 usd target.
NOG rising target price... Based on the previous analysis, the exchange rate could rise to 3.34usd. This can be a 36% increase from the current level. This is the primary target price. In the current analysis, I expect the target price to be higher. What may seem interesting is that the exchange does not move to the wave axis (green line) but to the ATR axis. The movement is under the wave axis. My experience shows that in the long run the exchange rate will always move to the wave axis with symmetric wave motion. This is what I expect in this case. If the technical idea is correct, the exchange rate may reach 6,19usd in the long run. Which is a 156% gain from the current level.
NOG before the 36% rise... The exchange rate builds a double wave structure. The second wave is under construction. Target price 3,36usd.
NOG before 282% increase... According to the analysis made on 29 December 2018, the exchange rate started to move. It may be a little early, but it is worth analyzing a further option. You can continue the movement by building a double fractal structure. The starting fractal is a wave structure marked with a green thick line. The next fractal is the wave line indicated by the thinner green line. The multiplier between them is fourfold. This means. that the mapped fractal may be four times larger than the original fractal. If the assumption is correct, then the next target price of the exchange rate can reach 8 usd. Which can mean an increase of nearly 280%.
The price of NOG is 95% before the rise... The exchange began to build a rising wave structure. The structure is a double wave structure, the second wave of which can be accelerated. We expect the first wave to rise to 2.99 usd. Then corrective movement can occur. The size of the second wave structure is twice that of its first size. The target price is 4.45 usd. 95% increase from the current level.
NOG rate before 50% rise... Based on the previous analysis, the exchange rate seems to turn. This turn may be the beginning of a more steady rise. It builds the first rising wave structure. The target price for this wave structure is around 3.48 usd. The current level is 50% increase. With regard to the structure of the waves, the earlier wave structure indicated by the green line is more likely to be realized.
NOG is another 10% drop... The exchange rate may continue to fall. This rate is from the current level to another 10%. Then you can reach the end of the correction level. This is 2.27usd level. We expect a rise from this level. The size of the increased fall is not good news. But the good news is that this increased movement increases the volatility, which increases the ATR value of the exchange rate movement. With this, the target price may also be higher. With this increased ATR, the 7usd level is also available. Therefore, the second target price is this level.
NOG decrease is over, fractal continuation. The exchange rate fractal movement. Currently, the exchange rate is the first fractal mapping. In this case, we do not expect a further reduction in the exchange rate. The end of the correction level may be 0.26 usd. The target price of the exchange is 8 usd.
NOG is a double rising fractal... It is also a textbook type. We do not expect any further fall. The exchange rate reached the bottom of its correction level. If you keep the 2x fractal structure, you can start from the present level. The raise can be started with a quick reverse correction, which is indicated by the double bottom structure in the yellow box, but leaving the exchange rate to reach further altitudes. The next target price is around 7 usd levels.
NOG decline is over... The exchange rate reached the end of the 3.5 usd correction level. Therefore we do not expect any further reduction. Since it has fallen from a fractal construction, it is probable that it will return. This can be preceded by a sideways and accumulation phase. These two levels are expected between 3.51-4 usd. From this band, after an upward outbreak, we expect a more significant and steeper rise with a target price of 6.62 usd.
The NOG inverse fractal may begin to rise... The exchange rate begins on a M15 wave axis to start an inverse fractal structure. The target price of the exchange rate is 4.45 usd. Although we are not able to analyze stock at such a short time, this movement can be the beginning of a major upward movement.
NOG correction level 4.13 usd... The exchange rate continues to run as an elementary course. We are still on the rise. The current correction wave started with 0.3 usd higher. As the size of the correction wave still remains unchanged, we expect the bottom of the correction to be 4.13 usd. We expect a further increase from this level. The next rising wave structure may be 5.2 usd.
NOG fractal... The exchange rate could successfully complete wave motion and transform into a fractal structure. Why is it important ? Because fractal structures are capable of moving longer and faster. Fractals can move up to 1,2,4,8 in geometric sequences, but may also move in the Fibonacci sequence. They are characterized by strong dynamic acceleration. However, with wave sequences, they are much more tied because the particular wave axis determines the angle of their rise. But back to the figure. The blue arrows indicate the fractal's beginnings. The parallel blue distance distance above the arrows indicates the distance of a given ATR of movement. This is very important. From this it can be seen that the share with double-digit exchange rates can double distances. It follows that the exchange rate is currently in a 2x FRACTAL. The rising fractal wave sequence is supported by a D1 ATR axis (purple line). The motion target price is 6.8 usd.
NOG unexpected high fall ?...According to my previous analysis, the exchange rate now moves from a wave motion to a fractal movement structure. With a small ATR, technically, we can see a rather uncertain process. If the buyers suddenly run out, all the conditions gave a significant drop. This fall could amount to 2.62 usd close-ups. There may be a D1 ATR axis line. But there is no reason to worry because there is a bigger increase from there.
NOG from wave motion to fractal motion? ..... Better yet. Today, the exchange rate apparently stepped out of the rising wave structure and began to build a double-sized fractal. If this continues, the bad news is that the current correction may last up to 2.60 usd. The good news is that even a 2-4-8 fractal can be formed, which can have extremely high target prices. From today's level to unbelievable heights. For this, the basics needed for movement are now formatted. The actual double fractal target price is 5.7 usd.
NOG is an accelerating rise... The exchange rate entered a larger-moving ATR area. Although it does not show up on daily trade data, it will slowly grow. One more important thing is the exchange rate movement. This is the FRACTAL WAVE structure. The lines of this line are indicated by two yellow rectangles. If the strategy is correct, an additional 90-100% increase is expected from this level. 6.5 usd target price levels.
The dream of investors...Growing FRACTAL wave structure.With the NOG exchange rate, a rising three-wave wave structure is emerging again. This wave structure differs from many of the triple waves in that it may be different from the fractal wave group. If the theory is correct, the wave structure of the exchange rate may be prolonged as it rises. Its shape follows the structure of the resulting fractal wave. The target price of the wave structure currently developing is 6.33 usd.
The NOG's price correction moves...The NOG's price correction moves. I do not expect a bigger drop, but there is no sign of any sign that this would be the case. But the word "sure" here does not exist. Therefore, according to our assumption, the downward movement of the exchange rate may stop at around US $ 3.34. Then I expect a formative wave motion. Initially, smaller ATR, lower elevation. By leaving a third wave, the momentum of movement can be strengthened. I look forward to the next target price of around 4.89 usd.
NOG rising trend...NOG rising trend. We are in the last impulse wave of the Elliot wave structure. For the rise of 4.89 usd. Again, I expect a correction wave structure at that level.
NOG share prices offer a good opportunity for a long entry...NOG share prices offer a good opportunity for a long entry. The exchange rate correction level is 1.2 usd. We do not expect a decrease below this level. If we launch a long position from the current level, it is worth 4.45 usd.
Forecast for $NOGGoing to see some more sideways action for at least 7 more days before eventually running up. I'm holding, +70% gain so far.
