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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.