ðĨ FTM Bouncing From Triangle Support: Big Move Coming?
FTM has generally been trading in a range after topping late January. As seen on the chart, we can draw a triangle on the chart when connecting the lows and the highs.
The lows have previously occurred at the time that the 8H RSI hits oversold levels.
In my view, it's a decent time to step into FTM at the moment. We're coming from a strong support and oversold levels. Target is the top of the triangle.
The lows have previously occurred at the time that the 8H RSI hits oversold levels.
In my view, it's a decent time to step into FTM at the moment. We're coming from a strong support and oversold levels. Target is the top of the triangle.
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