Long
Wedge breakout Trend-Based Fib Extension
This is just a possible outcome of the wedge breakout based on past behavior. The 3.6 trend fib at $3.1 for the new ATH might be exaggerated, however, my the past two wedge breakouts price hypothesis all reached the 3.6 trend fib before correcting.
Possible representation of
FTM for the next few weeks.
Possible representation of
FTM for the next few weeks.Note
Short term wedge and the stimulus got released.Note
Based of the new wedge, this could be a potential visual representation of the next run. Obviously it would be wining the lottery if I'm exactly right on the timing.
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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.