Short
FTM. POSSIBLE PULL BACK IN THE MAKING
FTM has only been under the 200 moving average on the 4 hour chart one time in the past. we made a few re-tests, but failed.
We are below it again, and failed the first re-test.
It could start to trend down to my purple support trendline, and we could be seeing a bounce in the 1.80 area.
If we break the purple support line, we can find further support in the 1.56 area.
Next support levels are 1.26, and 0.96 areas
we also have resistance in the 2.44 area
We are below it again, and failed the first re-test.
It could start to trend down to my purple support trendline, and we could be seeing a bounce in the 1.80 area.
If we break the purple support line, we can find further support in the 1.56 area.
Next support levels are 1.26, and 0.96 areas
we also have resistance in the 2.44 area
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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.