FTM 2 Scenario
FTM
Since the beginning of the year, we have been in a strong downtrend
In the month of Jan, we rebounded when we touched the support area represented by a horizontal trend
We notice on the chart the formation of a channel and trading within it
There are two scenarios
The first is a strong rise from the current price and the big rise
The second is the correction of the first support area represented by the trend, and then the ascent
what are you expecting ?
(Sorry my english is not good)
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Since the beginning of the year, we have been in a strong downtrend
In the month of Jan, we rebounded when we touched the support area represented by a horizontal trend
We notice on the chart the formation of a channel and trading within it
There are two scenarios
The first is a strong rise from the current price and the big rise
The second is the correction of the first support area represented by the trend, and then the ascent
what are you expecting ?
(Sorry my english is not good)
Did you like my analysis? Leave a comment, like, and follow to get more
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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.
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.