OMG (OMISEGO): Mid-Day Update: Short & Longer Term Perspectives
SUMMARY
I believe a wider scoped perspective always prevents myopia. IF the e wave is complete and does NOT breach the lower bottom line decisively; then the likely next price move is expected to be upward. Still, there is a scenario for a one more slightly lower low if price wanted closer proximity to the Apex.
A redraw of the correction into a bullish downward symmetrical triangle is quite impressive because of near termination status. It's almost done.
IF price decides to get closer to the Apex; the destination would remain little changed; only the pathway would differ. The red ABC waves have been labeled and the subwaves fall well into place.
The breach occurred and thus far remains decisive.
Legal Disclaimer: This post is for general information only. No information, forward looking statements, or estimations presented herein represent any final determination on investment performance. While the information presented in this post has been researched and is thought to be reasonable and accurate, I cannot and do not guarantee any rate of return or investment timeline based on the information presented herein.
