$OMEX finally woke up and broke the wedge... legit reversal or just another low-volume trap?

Muhammad Iqbal bin
12:17

Hey guys im trying to learn chart patterns and came across $Odyssey Marine Exploration(OMEX)$ . it looks like it broke out of that big yellow trend and now it crossed back over $1.00. the macd at the top has some blue bars which i think is good? i want to buy some but im worried since it went from 1.40 to 0.70 so fast. is it safe to buy now that it's going up again, or should i wait?

chart by @Owen Moshey

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  • Zion Everhart
    ·12:25
    TOP
    Bro do not buy a microcap just because it crossed a dollar. That's exactly where the shorts are waiting to hammer it back down. A $1.00 break is a magnet for traps.
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  • Chua Jun Kai
    ·12:32
    macd is a lagging indicator man. by the time it prints a strong blue bar, the move is usually already exhausted on these low floaters. stick to pure price action and relative volume if you want to trade this stuff.
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  • Dante Virelli
    ·12:30
    I've been tradıng full-time for 4 years, and the mindset shift you mentioned about taking a breath instead of FOMOing is the literal turning point for profitability. I've seen Owen Moshey talk about this too treating cash as a position. Sitting on the sidelines watching OMEX fluctuate is a completely valid trade if it protects your capital.
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  • Ng Kai Sheng
    ·12:26
    honestly I'm in the exact same boat as you, I always see the blue MACD bars and think it's a guaranteed win. trying so hard to learn how to actually read price action instead of relying on lagging indicators.
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  • Alicia Fernandes
    ·12:59
    I learn how to trade from Owen, he is a great teacher 
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    • NN53: 
      Mostly on Te Le Gram
      14:11
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    • NN53: 
       username @ Owenmoshey
      14:11
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  • Ong Zhi Xuan
    ·12:38
    ı was able to turn 30k to 70k in 2 months 
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  • NN53
    ·12:31
    His mındset and psychology is great ı do follow hım on TG 
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  • Raven Holloway
    ·12:30
    Owen is one of the best traders ı have ever seen 
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  • Ong Zhi Xuan
    ·12:37
    İ lıke Owens strategy and daily signal 

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  • Siti Aisyah Binti
    ·12:47
    Great 
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  • widy.brighton
    ·12:19
    nice set up
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