FTM Short : Rising Wedge & H&Ss Pattern
SUMMARY: Short, trend is fatiguing after a parabolic run up, price has put in a lower higher and lower low.
We have a rising wedge, Head and Shoulders , and descending triangle.
There is also a Wyckoff distribution pattern in play, with a buying climax, a further up thrust and buyers becoming exhausted, Buyers sign of weakness.
I will target a $2 zone to start accumulating more. FTM.
We have a rising wedge, Head and Shoulders , and descending triangle.
There is also a Wyckoff distribution pattern in play, with a buying climax, a further up thrust and buyers becoming exhausted, Buyers sign of weakness.
I will target a $2 zone to start accumulating more. FTM.
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