Good afternoon, Short review on OMG. Pretty much on track following the saucer-base pattern. Some little disturbance due to bitcoin dumps. We had those in the past also. 50MA still above 200MA which is good. Expectation is bitcoin to go lower which will move OMG up. Please keep watching it to take your margin on time. If it goes like we all hope, within a...
For those who've read my last post regarding the saucer base forming for OMG, were still on track! Less words to say, just see my graph.
Good morning, Although I love the Elliot-wave theory a lot, I saw a pattern forming that we don't see that much. A saucer-base, which is NOT a cup and handle. The dept of the saucer is less than 20% as it needs to be. The length of the saucer normally is between 7 to 65 weeks so its one week shorter. I think its creating a nice buy in opportunity here. Save...
We can see that price made saucer formation now good solution for this situation is wait for moment how price will go . I mean when price will breakout the line resist the same mean that will get out from formation (confirmation formation ) . We see price came to resist line and got out now we waiting how deep will be this correction.
The saucer bottom has been, in my experience, a very reliable bullish chart pattern. We want to continue to use appropriate trend following entry strategies of buying on strength. Therefore, you will want to go long on a breakout of recent highs. You'll want to leave plenty of room on your stop loss given the fast and volatile nature of this cross product. Look to...
We can see the reliable bullish chart pattern of the Teacup Saucer Bottom (aka Cup & Handle) provides a strong bias to the upside. The similar hammer candles indicate continuation to the upside, post retracement. A break above the saucer high with a confirming close above this price level for a few days, would demonstrate the probability of a move to test the...
Potential saucer formation Buy 81.00 Stop 78.45 Target 88.00
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