After a major Bull Run, ONT is in correction mode.
On the Daily Chart ONT seems to be forming an ascending triangle, however, as we look closer in with smaller timeframes, we can see that ONT is correcting.
On the hourly chart, ONT has formed a H$S pattern.
I believe this pattern will finish ONT's correction.
I'm aiming to enter at around the Purple support line, or near the Yellow support line.
Good Luck!
On the Daily Chart ONT seems to be forming an ascending triangle, however, as we look closer in with smaller timeframes, we can see that ONT is correcting.
On the hourly chart, ONT has formed a H$S pattern.
I believe this pattern will finish ONT's correction.
I'm aiming to enter at around the Purple support line, or near the Yellow support line.
Good Luck!
Trade closed manually:
Head and Shoulder pattern failed...drastically! :))