After the recent push up, OM is starting to show signs of exhaustion near resistance. Price has been respecting the ascending trendline, but momentum is clearly slowing down.
We’re now seeing:
• Multiple rejections near the 0.0230–0.0235 zone
• Lower highs forming on the intraday structure
• Volume declining on bounces
• Heavy sell bubbles appearing near resistance
If the ascending trendline breaks with strong volume, we could see a sharp flush.
