OMG Network OMG looks to have completed its correction/consolidation from its target of 6.4$ dollars. Looking at the chart we can see it has completed a classic ABCDE Elliot wave correctional pattern and has broken out of its descending trendline from August, as well as an inverse head and shoulders pattern with a confirmed breakout at the end. I expect the fib levels in this chart to be tested in the coming weeks before breaking its local high going forward.
The Prophecy is foretold the direction is long until future fib targets are achieved.
Remember this is not financial advice, use this chart as informational only.
.In the short term I'm looking for OMG to take out the fibbonaci levels displayed in this chart. One's OMG takes out the 6.4 level I'm looking at about $19.00 as my personal target for OMG.
Funfunction1
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Nice looking complete chart! Do you think now after ABCDE a new 12345 elliot wave structure starts? What is you target?
MysticRekt
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@Funfunction1, Thank you sir, I'm still looking at a couple of different studies to determine what the price target is going forward. but I think my target profits would be $6.4, 10$, 13.50, and 19$ for now. I will update a new idea when I have finished my research.