The downward pressure has pushed OMG to its 61.8% fibonacci level, creating a buy opportunity. Now we should see it rise to its 80%, 100% or 160%. However, an upward flag pattern appears, which could mean we have one more opportunity at the previous low, before bouncing upwards again. If the pattern breaks previous resistance, this creates new buying opportunity. Look for continuation of this pattern, in long run, which should include another downward spike - before breakout.
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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.