OGN - Potential Daily Flipping Bearish
Updated
Hello all,
Today I am publishing my outlook of OGN on the Daily TF, here I see a big fight between bulls/bears.
As you see, this latest daily candle is on the verge of completely engulfing the last. Showing that a larger retracement is possible. However, there is still 6 hours remaining on this candle - meaning that there is still a lot of time to flip this candle bullish again. This is unlikely, but there is always the possibility that it can happen.
I will post updates as I see things changing.
Today I am publishing my outlook of OGN on the Daily TF, here I see a big fight between bulls/bears.
As you see, this latest daily candle is on the verge of completely engulfing the last. Showing that a larger retracement is possible. However, there is still 6 hours remaining on this candle - meaning that there is still a lot of time to flip this candle bullish again. This is unlikely, but there is always the possibility that it can happen.
I will post updates as I see things changing.
Note
An update as promised - OGN is beginning to slip on the lower TF's, but it is still holding it's major level of .64 - If OGN decides to leg down on this daily, we can expect to see a large retracement, likely closer to .58, where the next respective support lays. As observed over the past couple of days however, I have noticed that OGN is not as willing to dump large amounts so quickly anymore. So there is still buying pressure. Again, I will update this thread as soon as I see detrimental changes on either side.
Thank you guys for the support!
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