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ðŸ”Ĩ FTM Fell Through Support: Bearish Break Out

In my last FTM post I discussed the falling wedge pattern drawn on the chart. My expectation was that FTM would continue to trade within this pattern. A couple days later we can safely say that the market conditions have deteriorated significantly after Powell's speech.

ðŸ”Ĩ FTM Falling Wedge Continued: Bounce Initiated


FTM has broken through the wedge's support and is currently in the process of retesting the support as resistance, a classically bearish happening.

In my view, it's highly likely that FTM will keep on falling. I'm looking at the two blue lines as initial targets.
āļšāļąāļ™āļ—āļķāļ
Target 1 hitðŸ”Ĩ
āļšāļąāļ™āļ—āļķāļ
Target 2 hit

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