OMG 2 possible buy options
Updated
Hello traders:
Looking at OMGUSD for further bullish opportunities.
Price showed a clear bullish move to the upside, and then dropped down to form this HTF correction.
We can see the correctional structure is descending in nature, and could lead into a bigger higher time frame continuation correction.
I can expect 2 possibilities buys, either price breaks out from this descending channel and form LTF correction to go
or
price may correctively move down once more to the lows of the channel before a bullish reversal from the bottom.
thank you
Note
Related publications
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.