Falling Wedge formed on OMU, the price broke up and it was clear demand and buying from there. We also had a W Formation confirming strong upside. 7>21>200 RSI>50 Target 1 -> R12.61 Reached Target 2 -> R13.38 hit today. The uptrend is still on the way, but we'll need to wait for a consolidation pattern to form before getting in. This is the best type of trade for trend traders right now.
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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