ONT - Bullish Short Term (potential inverse head & shoulders)
Bounced at one of the last few supports remaining. Impulse wave up on 5m scale (15m is the lowest allowed for Published Ideas). Potential Inverse Head & shoulders
ONT has been oversold on the Daily for over a month. Are we looking at the beginning of a Reversal that many of us have been looking for? Too early to tell but if we complete this 5-wave structure, this would be a good sign.
SHORT TERM TARGETS:
Entry: 2288 - 2314
Target #1: 2468
Target #2: 2550
STOP: 2229
ONT has been oversold on the Daily for over a month. Are we looking at the beginning of a Reversal that many of us have been looking for? Too early to tell but if we complete this 5-wave structure, this would be a good sign.
SHORT TERM TARGETS:
Entry: 2288 - 2314
Target #1: 2468
Target #2: 2550
STOP: 2229