On a macro level ftm has been breaking out of a felling wedge (bullish). On a micro level we can see that ftm has broken out of a small capitulation trend (bullish). We are now looking to get a nice 4 hourly close (as well as a nice daily close) and then the bulls could really get released. We also have the 4 hourly macd flashing a bullish signal.
Note
We have now broken to the downside of the upwardsloping support line (smaller timeframes) but remember that previous resistance flips to support and we should be good.
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