Two potential scenarios for OMG based on fib levels

Depending on whether OMG rebounds from here, could be a double bottom or a longer slide down.
It must rebound with good volume to make a bottom more likely.
I am wary of the lack of massive buy volume of OMG at this level.

Yorum:

Idea still in play. Maybe a descending triangle forming here. Moving down the height of that triangle would take us to the next fib level as well. Seems perfect.