This inverse head shoulders looks like it could help $OMG break out from resistance. currently OMG is over bought on most time frames, Im expecting a pull back to create the right shoulder and after that OMG should breakout if all goes well.
The first time MACD on the W time scale flipped bullish we hit the top of the channel. The second time we flipped bullish, we ended the bear run of the summer. Now the MACD has flipped bullish again, and with a blue sky breakout we could retest the top of the channel we established earlier this year.
Time Range: 20 Weeks