Hey, you guys want a quick return? Let's play this correction, wait for bullish divergence on RSI and target $26.32 for a quick 46% gain. Remember, DONT enter until a bullish divergence is COMPLETED on the 30 minute scale.
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Trade active
Bullish momentum. We still have NOT seen our first impulse wave up yet. All we have seen is an WXY correction. Currently in a bullish channel that we should escape from!Note
BOOM!! Verge Explodes and hits my initial target!! I will update with a new target and wave count! This is what patience rewards!!I have to say, though. This was anything but quick hahaha
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tradingview.com/chart/hNFPi78g/So there is no alternate wave count here. I THINK that this is right. This run can very well go higher. IF this is the end of wave 3, the yellow line is our critical support. The count on this one is a little difficult, but I'm still targeting around $43 for OMG.
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tradingview.com/chart/hNFPi78g/Dammit I suck at updating
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Welp it broke my support line! haha! A lot of bad news this morning, lets find some opportunity! OMG still looks healthy to me along with Mona, Verge and NXT. We may have a nice 15% or more opportunity here. If we stall at the resistance line and MACD levels out, expect another hit around the bottom support or so. If it doesn't stall, then w can actually head up to our $43 target !
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Market is really slow, you know I'm bored when I start to measure angles.
But no really, Based off of top line resistance and this strong bottom line support, wave 3 angle of 38 degrees, I think we can continue this trend for an 83% return in 11 and a half days. I really hope we break that resistance line. Because 83% in 12 days is really not that much hahaha, not in this market.
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Alright guys, I REALLY like what I'm seeing here. I'm getting the same upside down head and shoulders that I see on Civic. It's possible that that "X" was our wave one and we are on wave 2 consolidation. We need to break through that breakout point to keep momentum for that short term target box.
I'm just waiting for this uptrend to be over. OMG has had us waiting far too long haha!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.