OMG - daily chart about to indicate future direction
05/03
Weekly chart: From the ATH, OMG has formed a second top, which is currently struggling with an important resistance. As a result, it has sarted to pull back. If bulls cannot move above that last top, the chart might start forming an equilibrium pattern.
Daily chart: The daily higher highs hasn't been lost yet - support to be defended is 16,24 (yellow line)
Now bulls are attending to form a higher low (blue square)
4H chart: bulls attempt to break the downtrend, need to see follow through.
Weekly chart: From the ATH, OMG has formed a second top, which is currently struggling with an important resistance. As a result, it has sarted to pull back. If bulls cannot move above that last top, the chart might start forming an equilibrium pattern.
Daily chart: The daily higher highs hasn't been lost yet - support to be defended is 16,24 (yellow line)
Now bulls are attending to form a higher low (blue square)
4H chart: bulls attempt to break the downtrend, need to see follow through.
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