ONT short trade

25 thg 6, 2018

ONT is currently a good short.

• it is at horizontal resistance
  
• it has a bearish divergence on the 1hr SRSI
  
• RSI is nearing overbought region
  
• it is currently in an ascending wedge, which is a weak pattern but tends to break down
  
• It is in the OTE entry zone for shorting
  
• It has a larger bearish divergence on the 4hr SRSI
  
• 4hr is on 8 count for Tom Demark Sequential
  

The daily chart is bullish but pullback is needed, target is .0008-.00084