ONG is forming a Broadening Falling Wedge pattern and if it holds the $0.55 zone then we could see a strong rally to the $1.2 zone in the near term. But if it loses the $0.55 zone, it will continue to fall sharply and may fall back to the $0.35 zone
ðRED PLAN
âŧïļCondition : If 1-Day closes ABOVE 0.55$ zone
ðīBuy : 0.55
ðīSell : 0.7 - 0.85 - 1 - 1.2
ðBLUE PLAN
âŧïļCondition : If 1-Day closes BELOW 0.55$ zone
ðĩSell : 0.55
ðĩBuy : 0.35
âDetails
ðŦStoploss for Long : 10%
ðŦStoploss for Short : 5%
ðRed Arrow : Main Direction as RED PLAN
ðBlue Arrow : Back-Up Direction as BLUE PLAN
ðĐGreen zone : Support zone as BUY section
ðĨRed zone : Resistance zone as SELL section