After hitting 34 cents, FET went down for price discovery, rested on Fibbo .236 around 14 cents, then now goin up and down forming IHS with a target around 27 cents. Volume is still absent within the right shoulder. Waiting for the buyers to step in soon to validate it, I've already bought the dip, waiting to add at the breakout.
Positive views..
1. MACD has a great setup on 4h, 6h, 12h, and the weekly too.
2. VP point of control has been penetrated already
3. CMF bottom yesterday.
P.S. The box above is a first target and a consolidation area as the weekly vol is significant!!!
Not a buy advice but a nice set up i'm trading..
Cheers!!!
Positive views..
1. MACD has a great setup on 4h, 6h, 12h, and the weekly too.
2. VP point of control has been penetrated already
3. CMF bottom yesterday.
P.S. The box above is a first target and a consolidation area as the weekly vol is significant!!!
Not a buy advice but a nice set up i'm trading..
Cheers!!!
Note
two scenarios on the chart !! the volume should decide soon as it's a very low vol for a eight shoulder uptil now!!
Note
broken down and retested on 45 min tf, stopped out at .1685 .... momentum is flattening in indecision. waiting for 3h close and 1h macd bullish crossover. If the volume joins here i'll fill bigger bags.Note
Note
However FET broke up the red res, is still struggling... still waiting volume to get going
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.