XABCD Pattern on OMGUSD? (Practicing my TA)
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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.
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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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