Ever since reaching a climax-top in August of 2020, OMG has been trading in a well-defined megaphone pattern.
This week, OMG saw a huge green candle after bouncing off the support of the chart pattern. Generally, big candles like these are a sign of acceptance of the support/resistance and can mark trend reversals, which is exactly what I'm aiming for.
Long-term target would be the top of the pattern. Be aware it might take months before the price reaches this area.
Happy trading!
This week, OMG saw a huge green candle after bouncing off the support of the chart pattern. Generally, big candles like these are a sign of acceptance of the support/resistance and can mark trend reversals, which is exactly what I'm aiming for.
Long-term target would be the top of the pattern. Be aware it might take months before the price reaches this area.
Happy trading!
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ðTry my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
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