Possible last leg down for OMG
Pattern suggests a WW geo.
- Target is point 5 of line 1-3.
- Point 5 can act as a strong support and reverse.
- Once point 5 is reached, new target will be line 1-4
Pattern suggests a WW geo.
- Target is point 5 of line 1-3.
- Point 5 can act as a strong support and reverse.
- Once point 5 is reached, new target will be line 1-4
Kommentera:
OMG reversed at big support 7.62
bullish expanding correction Elliott wave looking good.
www.elliottwave.net/...ictenets/basics3.htm
Watch out for resistance MA100.
bullish expanding correction Elliott wave looking good.
www.elliottwave.net/...ictenets/basics3.htm
Watch out for resistance MA100.
Kommentera:
Everything seems to confirm an expanding correction Elliott wave: www.elliottwave.net/...ictenets/basics3.htm
Update: OMG is now testing MA50.
Resistance at MA100 and 11.40 before new strong bullish movement
Update: OMG is now testing MA50.
Resistance at MA100 and 11.40 before new strong bullish movement
Kommentera:
Bulls are back.
Kommentera:
Market consolidating above MA100. Bulls still in control.
Kommentera:
As expected an expanding correction Elliott wave is ongoing.
target 1: 16usd
target 1: 16usd
Kommentera:
From the aboce picture we can see the daily MACD crossing.
Price bounced from 4hr - MA100
Price bounced from 4hr - MA100
Kommentera:
As drawn above OMG corrected after hitting resistance at 11.40.
Now bouncing from 1hr - MA50
Bulls are controlling the market - expanding correction Elliott wave is ongoing
OMG eyes 16 usd
Now bouncing from 1hr - MA50
Bulls are controlling the market - expanding correction Elliott wave is ongoing
OMG eyes 16 usd
Kommentera:
OMG sitting on MA100. Possible new bullish movement.
expanding correction Elliott wave still in place
target 16usd
expanding correction Elliott wave still in place
target 16usd
Kommentera:
OMG sitting on MA100 and support trend.
Kommentera:
OMG in a critical last support. OMG seems to have failed to stay above MA100 and now is trying to bounce off trend support.
Failing here will be necessary to look for lower supports as in pictures and daily MA100.
Also MACD not looking good. Crossing 0
Failing here will be necessary to look for lower supports as in pictures and daily MA100.
Also MACD not looking good. Crossing 0
expanding correction Elliott wave: www.elliottwave.net/...ictenets/basics3.htm