$OM
Trade Setup – Bullish Flag & Elliott Wave 4
OMM has formed a bullish flag on the 1-hour timeframe, following consolidation within a channel. This pattern aligns with Wave 4 of the Elliott Wave Theory.
🔹 The chart shows all five waves marked:
• Wave 1
• Wave 2
• Wave 3
• Current: Bullish flag as Wave 4
• Upcoming: We are trading the breakout as Wave 5
📏 Wave 5 is expected to reach approximately the same height as Wave 3, in line with Elliott Wave symmetry.
🎯 Entry: Market order upon breakout from the bullish flag
🟥 Stop Loss: Red level on the chart
🟩 Take Profit: Green level on the chart
This is a momentum continuation play. Trade with discipline and proper risk management. 🚀
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