OIH Long Thats a tough chart tbh.
Ok. So there are two patterns on here that i think are very interesting. What is most interesting is that both patterns are bullish. The first one is the bull flag, and the second one is inverted head and shoulders.
On the bearish side, there is a huge resistance on the weekly which explains both the bullish chart patterns discussed earlier. It looks like bulls prepare for another move up to break the resistance, and every attempt of bears or sellers to push the price down, the bulls push it further up.
So i have marked both my aggressive entries, marked in blue, and my conservative entry (taking all scenarios into consideration) marked in yellow.
DYOR.
