Ontology break-out watch

Apr 19, 2018

Ontology has been consolidating in a channel, after correcting approximately 50% from it's massive run last week. IF we can close above the upper channel resistance at around 0.0005300, with some volume, we can see another impulse begin. We can look for a target around the 1 to 1 extension of the previous wave up, 0.0007500. This is not an extension of the entire previous cycle, only of wave 5. Therefore, this will be a sub-wave 1 of a larger impulse cycle to new highs.

Apr 19, 2018

Note

Go time!!