Ever since reaching a climax-top in August of 2020, OMG has been trading in a well-defined megaphone pattern.
This week, OMG saw a huge green candle after bouncing off the support of the chart pattern. Generally, big candles like these are a sign of acceptance of the support/resistance and can mark trend reversals, which is exactly what I'm aiming for.
Long-term target would be the top of the pattern. Be aware it might take months before the price reaches this area.
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.