I tweet about OCN, almost getting there yesterday.
And it's about to begin after ending the downtrend with accumulation.
The two sharp bounce at support price of 097 was a clear indication of Adam and Adam double bottom on OCN, with a break out of the pattern at 100.
Now OCN is making a handle on the double bottom with price waffling up and down currently.
Technically,when price breaks out of this region, it often moves up in a strong trend. Considering the fact that OCN has completed Wyckoff cycle of oversold, mark up, overbought, markdown and now break out for the next mark up market trend.
And it's about to begin after ending the downtrend with accumulation.
The two sharp bounce at support price of 097 was a clear indication of Adam and Adam double bottom on OCN, with a break out of the pattern at 100.
Now OCN is making a handle on the double bottom with price waffling up and down currently.
Technically,when price breaks out of this region, it often moves up in a strong trend. Considering the fact that OCN has completed Wyckoff cycle of oversold, mark up, overbought, markdown and now break out for the next mark up market trend.