Bull break of wedge pattern shows desire for continuation upward

30 Eyl 2020

OMG has broken bullish from its wedge pattern. This indicates a desire for the market to continue further, however we want to make sure we confirm the bull break with a candlestick closing above, and see a rise in trading volume for us to be sure.

30 Eyl 2020

Yorum

Looking at breaking the next resistance level of 4.14 in order to feel more confident in a long position.

30 Eyl 2020

Yorum

We never broke 4.14 and haven't seen any bull follow-through so we're not bullish until we see that happen.