OMG about to break out from a very bullish pennant for a move up
OMG has been forming a nice bullish pennant after it's recent move starting on 6th January. The breakout from the pennant
will normally make a move at least equal to the length of the previous move (the flagpole) which would also touch precisely the 1.618 fib based on a trend based extension of a previous wave set starting on 22nd December.
Buy now or wait until the breakout of the triangle. Don't forget to use stops. 1st target zone is marked in red.
will normally make a move at least equal to the length of the previous move (the flagpole) which would also touch precisely the 1.618 fib based on a trend based extension of a previous wave set starting on 22nd December.
Buy now or wait until the breakout of the triangle. Don't forget to use stops. 1st target zone is marked in red.