OM looks ready for a new bullish wave. bullish divergence on 12H TF playing out and recover the daily support (orange line) is the key to keep momentum higher.
Bullish divergences playing out on 12H timeframe normally showing a potential for a bounce from the area.
Retest yellow box to enter and wait for the setup to complete next weeks.
Increase in volume (which is paramount to have a decent size move to any direction) and major Support/Resistance level (orange line) touched on daily time frame (demand zone).
You can buy yellow area according to demand > trading volume > hence previous Price Action.
Bullish divergences playing out on 12H timeframe normally showing a potential for a bounce from the area.
Retest yellow box to enter and wait for the setup to complete next weeks.
Increase in volume (which is paramount to have a decent size move to any direction) and major Support/Resistance level (orange line) touched on daily time frame (demand zone).
You can buy yellow area according to demand > trading volume > hence previous Price Action.
הערה:
OM already up 5%
הערה:
OM black magic
הערה:
OM
הערה:
OM back to trendline
הערה:
OM send it
sir
הערה:
OM
הערה:
OM
הערה:
OM 50% up
הערה:
OM trendline holding
הערה:
OM still struggling
הערה:
OM
הערה:
OM
