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Really nice looking Gartley is setting up on OMG. In this case we are looking to trade the CD leg. Risk:Rewards looks great
I'll post an update with Entry & Stop levels once I have my order in.
Lets see how things play out.
I'll post an update with Entry & Stop levels once I have my order in.
Lets see how things play out.
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CD leg is looking good... it took a while but we have some real movement now.. I like what i see so far. 78.6 is D, lets see if we get there.
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OMG still heading up to D at 78.6... lets see how long it takes to get there
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Price spiked up through 61.8 fib level (B of Gartley) this is a very positive sign that price will get up to D at 78.6 fib level to complete the pattern.
Once price gets closer to D i will update on what my plans are.
Once price gets closer to D i will update on what my plans are.
Comments
@Gmanns777, Yeah sure... but in profit. I would advice you to run short stops.. I If BTC doesn't hold this level it could mean another wave of retrace for ALTS including OMG and KNC. Who are both strong atm
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Great video @Gmanns777 thank you for sharing... I would assume you are considering BTC to find a final low about the same period so that everything can settle right?? Or do you think this scenario can play out independent from BTC movements???
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@JorgeG_PerezGarza, Thats a great question... while i think its possible it could happen independtly it would be great if BTC pattern completed as that should have a positive impact on the market in general. Fingers crossed :)
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@nuieskater, my pleasure... let me know if there is something i can explain more clearly
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