FLT - Reversal, Head & Shoulders, Breakout!!

2020年10月24日

2 criterias for breakouts with FLT-C :
- Break a minor downtrend
- Be above 50MA

With these criterias, it worked 4 out of 4 times. Each time it grew at least +25%.

We're at 0.66
The 50MA is at 0.69.
We just broke the minor downtrend.
We're sitting on the uptrend.

We just formed a head & shoulders short-term.
There is a larger head & shoulders under construction which will be confirmed if we reach 0.88$ for a longer play.
Also, on the weekly chart, there isa hidden bullish divergence with Stoch/Price.

Beware of the downtrend line from 2 years back!

Stoploss should be at 0.58

Happy trading!