FIL — Fractal Repetition? Third Wedge Formation Under Long-Term Pressure
FIL is forming its third wedge pattern within a broader downtrend that has lasted for over 2.5 years. The chart reveals a clear fractal symmetry, where each previous wedge was followed by a strong upward breakout.
Currently, the price shows signs of a local uptrend and accumulation near the lower boundary of the channel — increasing the probability of a rebound. Immediate targets are $4.38–$4.81, with potential for further upside.
FIL is forming its third wedge pattern within a broader downtrend that has lasted for over 2.5 years. The chart reveals a clear fractal symmetry, where each previous wedge was followed by a strong upward breakout.
Currently, the price shows signs of a local uptrend and accumulation near the lower boundary of the channel — increasing the probability of a rebound. Immediate targets are $4.38–$4.81, with potential for further upside.
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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.