Short
$FTM - doomed in Lower TimeFrame
Hello my Fellow TraderZ,
In my previous analysis about
FTM on Daily, I made a cautious statement regarding its PULLBACK to test the EMA55 on Daily at the least.
If you see here on lower TF, price has broken the support TL. So, I am expecting a slight above move to retest the broken TL(looking at S.RSI) and continue the down path.
BUT If the price reclaims the TL then this down move would be a FAKEOUT & price could once again tend to retest the Major above TL(Daily).
Be patient, anysideFTM will move rapidly.
Happy Trading. CHEERS!!!
In my previous analysis about
FTM on Daily, I made a cautious statement regarding its PULLBACK to test the EMA55 on Daily at the least.If you see here on lower TF, price has broken the support TL. So, I am expecting a slight above move to retest the broken TL(looking at S.RSI) and continue the down path.
BUT If the price reclaims the TL then this down move would be a FAKEOUT & price could once again tend to retest the Major above TL(Daily).
Be patient, anyside
FTM will move rapidly.Happy Trading. CHEERS!!!
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Related publications
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.