🔥 FTM Attempting Break Out: Change Of Trend?
Over the last months, FTM has been trading inside a falling wedge pattern. These patterns are classically bullish reversal patterns so that's what we're going to discuss today.
FTM has seen it's best two days in well over a month now, which could signal a short-term trend change from bearish to bullish.
I'm looking at the yellow area for clarity. A break out will likely lead to more longs piling into FTM, blue lines as targets.
A reversal from the yellow area might signal more pain to come. Be patient.
FTM has seen it's best two days in well over a month now, which could signal a short-term trend change from bearish to bullish.
I'm looking at the yellow area for clarity. A break out will likely lead to more longs piling into FTM, blue lines as targets.
A reversal from the yellow area might signal more pain to come. Be patient.
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