🔥 FTM Head & Shoulders: Bearish Break Out!

A couple of weeks ago I made an analysis on FTM where I argued that FTM would likely see more bearish pressure in the near future.

As of today, FTM has successfully broken out through the bottom support neckline of the H&S pattern. Personally, this is the bearish signal I was waiting for to confirm the pattern.

My targets remain the same as before. In the near term, a drop towards $0.15 is my most likely scenario. If we get a full market sell-off in stocks, we might actually fall further and move towards my second target at $0.055, we'll see how far we get.