XABCD Pattern on OMGUSD? (Practicing my TA)
Updated
Hi guys! Still learning Technical Analysis, any feedback or thoughts are much appreciated!
If it follows the XABCD, OMGUSD should bounce off the support around 5.8-5.6 and then break out of that wedge and rise toward 7.5-7-6 where we can look for selling opportunity.
If it follows the XABCD, OMGUSD should bounce off the support around 5.8-5.6 and then break out of that wedge and rise toward 7.5-7-6 where we can look for selling opportunity.
Comment
I would be surprised if this pattern still shakes out based on the strong correction recently around 6.6 and generally ranging for around 12-18 hours. Posting updated OMG analysis in the comments below.
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