OCEAN is opening this month with a very nice pattern called the Descending Wedge pattern. This is a special pattern that indicates a bullish break. The price can enter this pattern after a downtrend or an uptrend, but it is likely to break upwards towards the end.
We did have a "fake breakout" recently, so I am not going to say it is 100% bullish right now. However, indicators say that it not a bad time to start opening positions. It is a confirmation WHEN it breaks the wedge going up.
However, I am worried about the $0.22 level as it has been a zone of resistance before.
Take profits:
$0.22
$0.31
We did have a "fake breakout" recently, so I am not going to say it is 100% bullish right now. However, indicators say that it not a bad time to start opening positions. It is a confirmation WHEN it breaks the wedge going up.
However, I am worried about the $0.22 level as it has been a zone of resistance before.
Take profits:
$0.22
$0.31
Trade active:
Open long position
