Short
OMGUST - corrective short.
OMGUSDT on the daily timeframe is over extended after its recent bullish impulse i am now expecting a correction..... also on the daily market has formed this nice looking W formation, after a W forms you expect the market to complete the pattern at the neckline which it does most of the time, giving us a downside target, we will be waiting on lower timeframes for our entry rules to be met before possibly looking to catch this short! We will ONLY enter if all rules of entry are met on the 1hr timeframe.
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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.