- Ocean has broken out of the downtrend since April (red)
- It got rejected at the mid line of the green channel (local uptrend) and has also retested above a resistance area indicated in orange
- 100% away from ATH
- And ~600% from the confluence of the parallel channel (purple) and Fib level 4.236
- Good time for an entry into a 2-3month hold
It is already up a little but it can't go down just yet and it may reset in between but that will take time too, This is not a rlly detailed studied chart but instead a very simple chart which can help u understand the market situation.