OGN - Potential Daily Flipping Bearish

Hello all,

Today I am publishing my outlook of OGN on the Daily TF, here I see a big fight between bulls/bears.

As you see, this latest daily candle is on the verge of completely engulfing the last. Showing that a larger retracement is possible. However, there is still 6 hours remaining on this candle - meaning that there is still a lot of time to flip this candle bullish again. This is unlikely, but there is always the possibility that it can happen.

I will post updates as I see things changing.

Bình luận:

An update as promised - OGN is beginning to slip on the lower TF's, but it is still holding it's major level of .64 - If OGN decides to leg down on this daily, we can expect to see a large retracement, likely closer to .58, where the next respective support lays. As observed over the past couple of days however, I have noticed that OGN is not as willing to dump large amounts so quickly anymore. So there is still buying pressure.

Again, I will update this thread as soon as I see detrimental changes on either side.

Thank you guys for the support!