Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 3.9/61.80% 1) Find a FIBO slingshot 2) Check FIBO 423.60% level 3) Hit the top = 57/423.60% Chart time frame : D A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : A A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the...
OMEX broke out on Thursday from its 4 months rectangle consolidation pattern. Had a wide range breakout bar and pulled back into Friday session.
I have NO idea what the fundamentals are on this stock. I only know what I see here on the chart. I am an intermediate scalper/order-flow/tape-reading and technical analysis stock guy. OMEX caught my attention. I've been testing scanning and new ideas. Moving average cross of the ~50 over the ~200. All aligned well with the trend aligned up. Ichimoku Breakout on...
1. Strong downtrade 2. Comso;idation around the low 3. next Support Level @ .47- SO we have a free room