$ONT, Waiting…

13 בנוב׳ 2018

Weekly
Looking at our trend timeframe we see price continuing to respect our downtrend, stochastic rsi showing momentum in favor of bears. Temporary support found at 2500, will watch smaller timeframe for entry. Last time we were at this price we were in the middle of our bull run.


Daily
Shifting over to our pattern timeframe we see price forming a descending wedge pattern from August 15th to today. Expecting a continuation towards the downside with the following breakout. A daily close above 2700 activates our trade towards the upside, otherwise expecting a drop towards 2000.