After a massive move last week, FTM has cooled off a little. During this period of cooling down, a falling wedge pattern has emerged on the chart.
Classically, falling wedges are bullish break out patterns. As of this morning, the break out has indeed occurred. Be aware that the top trend line might need to be re-tested to confirm the break out.
First target is placed at the recent local high, $2.30, second at the all-time-high, $2.45.
Happy trading!
Classically, falling wedges are bullish break out patterns. As of this morning, the break out has indeed occurred. Be aware that the top trend line might need to be re-tested to confirm the break out.
First target is placed at the recent local high, $2.30, second at the all-time-high, $2.45.
Happy trading!
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