Bull pennant finishing up on OMG - Time for more OMG?
Self explanatory in chart. I like arrows, they make things clear. Could also break downwards.
Trade active:
Happened as predicted. By now you've had nice profits - can wait until it tests ATH to close trade, if it closes above ATH stay in until 25, and then 30
Trade closed: target reached:
I closed at 210k for a tidy profit. See above the converging wedge pattern told me of a reversal. Target is now 290k however I think we see some downside first, set buys for 183 and 170
I closed at 210k for a tidy profit. See above the converging wedge pattern told me of a reversal. Target is now 290k however I think we see some downside first, set buys for 183 and 170
This is what I envisage will happen. I don't believe the 82k support will hold, no real reason for it to. There will be a fight at 0.07 level, could get going off from there but I think we will go and test near the old ATH and bounce from there, which coincidentally is very close to the 0.236 fib