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botje11

Short on OMG

Short
OMG Network (BITTREX:OMGUSD)  
botje11 Updated   
BITTREX:OMGUSD   OMG Network
Trend Analysis Chart Patterns
22
0
trendanalysis chartpattern
This looks like a very nice chnce to go short on OMG. It's almost ending its pullback to the neckline on the dayle chart to 7,00. It's doing this within the above pattern. I am going short at 6,70.

Stop at 7,50
Target, difficult to say :) trailing stop would be best if it drops below 5,50
Comment:
It has dropped below the support line, but it has to accelerate a bit more soon for this pattern to be legit.
If it drops below 6,1 i will lower my stop to my entry level for a free trade
Comment:
I am out at 6,45. I still made 4%, a fraction of what i expected, but i am getting other signals now.It is starting to show strength and support now. If should have dropped under the 6,0 much faster. So the pattern is not legit anymore (for me)
I am going long now.
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