Two potential scenarios for OMG based on fib levels
102
Depending on whether OMG rebounds from here, could be a double bottom or a longer slide down. It must rebound with good volume to make a bottom more likely. I am wary of the lack of massive buy volume of OMG at this level.
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Idea still in play. Maybe a descending triangle forming here. Moving down the height of that triangle would take us to the next fib level as well. Seems perfect.