$FTM - doomed in Lower TimeFrame
Hello my Fellow TraderZ,
In my previous analysis about FFTM on Daily, I made a cautious statement regarding its PULLBACK to test the EMA55 on Daily at the least.
If you see here on lower TF, price has broken the support TL. So, I am expecting a slight above move to retest the broken TL(looking at S.RSI) and continue the down path.
BUT If the price reclaims the TL then this down move would be a FAKEOUT & price could once again tend to retest the Major above TL(Daily).
Be patient, anyside FFTM will move rapidly.
Happy Trading. CHEERS!!!
In my previous analysis about FFTM on Daily, I made a cautious statement regarding its PULLBACK to test the EMA55 on Daily at the least.
If you see here on lower TF, price has broken the support TL. So, I am expecting a slight above move to retest the broken TL(looking at S.RSI) and continue the down path.
BUT If the price reclaims the TL then this down move would be a FAKEOUT & price could once again tend to retest the Major above TL(Daily).
Be patient, anyside FFTM will move rapidly.
Happy Trading. CHEERS!!!
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