Short
FTM Short : Rising Wedge & H&Ss Pattern
SUMMARY: Short, trend is fatiguing after a parabolic run up, price has put in a lower higher and lower low.
We have a rising wedge, Head and Shoulders , and descending triangle.
There is also a Wyckoff distribution pattern in play, with a buying climax, a further up thrust and buyers becoming exhausted, Buyers sign of weakness.
I will target a $2 zone to start accumulating more. FTM.
We have a rising wedge, Head and Shoulders , and descending triangle.
There is also a Wyckoff distribution pattern in play, with a buying climax, a further up thrust and buyers becoming exhausted, Buyers sign of weakness.
I will target a $2 zone to start accumulating more. FTM.
Related publications
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.
Related publications
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.