ONT/BTC correction done? Or one more leg Down? Ontology UPDATE
Ontology pulled ahead of the pack and is now resting.
While its bull chohorts are bouncing, ONT is lagging.
I think it needs to complete an ABCDE correction.
It is possible that correction is done, with a simple ABC.
But it pierced the red 3.618, implying the 4.236 is target.
I also dont like it getting hung up at the red 2.236 so long.
So while it is POSSIBLE the correction is done, the evidence is unclear to me.
This is part of my ongoing analysis of Ontology.
Starting with an observation of two important resistances, which if broken implied big rally
Then I saw a top coming and posted alert here
Last post was to look for correction, which shows PERFECT COMPLETION
BUT I am not liking the behavior since.
So am prepared for one more leg down.
While its bull chohorts are bouncing, ONT is lagging.
I think it needs to complete an ABCDE correction.
It is possible that correction is done, with a simple ABC.
But it pierced the red 3.618, implying the 4.236 is target.
I also dont like it getting hung up at the red 2.236 so long.
So while it is POSSIBLE the correction is done, the evidence is unclear to me.
This is part of my ongoing analysis of Ontology.
Starting with an observation of two important resistances, which if broken implied big rally
Then I saw a top coming and posted alert here
Last post was to look for correction, which shows PERFECT COMPLETION
BUT I am not liking the behavior since.
So am prepared for one more leg down.
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