There are multiple technical theories about why FT will break out. OBV is climbing, and I have postulated and proven that OBV is a leading indicator. Every other indicator is rear-ward looking. Looking out the back mirror. That includes moving averages. The price is spending too much time above the .786 “macro bear fib”, and this cannot stand. A breakout is inevitable. There, we have OBV pointing to a breakout, and we have the price near the 1-level bear fib. The only conclusion is a breakout
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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.