Hello every one, OMG after a good movement an breaking up bearish trigger is in nice correction, and green support area clusterd with fibo 38.2%, i buy here with target previous high and SL could be under support zone
OMG is coming to the 61.8 fib retracement and strong support trendline, it has wicked off but I expect it to make another retest of it due to the low volume bounce.
If we get a good volume resumption upward, this will be a great long entry.
Keeping it short as its only the planning phase.
Planning ahead, and hence stalking for the best options if or when they available.
Note: a few key point;
a) previous high has confluence with the trend line target area as support;
b) RSI hidden bullish divergence in the making like previously;
c) Stochastic looking for a bounce for the short term;
If you find my market analysis interesting then please like and follow me to keep up with my latest analysis. Thanks for watching it. good luck
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and...