On the bigger TF, I'm bullish on OMG but on shorter TF I'm starting to think we might see one more leg down. Bearish divergence on MACD is one the reasons.
I expected yesterdays correction but the bounce is not convincing me (yet).
We might get a bigger ABC correction from the blue box in left picture toward (4), from there we should bounce to (5).
Breaking the yellow trendline invalidates these thoughts.
Happy trading!
I expected yesterdays correction but the bounce is not convincing me (yet).
We might get a bigger ABC correction from the blue box in left picture toward (4), from there we should bounce to (5).
Breaking the yellow trendline invalidates these thoughts.
Happy trading!
註釋
Target reached, I added to my position. Lets get back to business and bounce!
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