SUMMARY
OmiseGo (OMG) is likely putting in a symmetrical triangle correction and thus far has completed waves a,b and c. It could have similarity to Bitcoin's abcde pattern and so OMG is next expected to put in wave D and E. This can morph into other patterns but thus far price has been moving well within the confines of the contracting lines.
When filling in the subwaves, it shows that price is currently bouncing off the lower white support line and if wave D is targeted, $16.85 would be the approximate destination. Not all traingles require abcde and we've seen how breakouts can occur at the D wave stage. If the E wave is completed, then $10.49 would be the current target.
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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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