FTT Bull flag breakout
FTT has broken out of a downward channel bull flag to the upside having retested the outer channel. MACD on weekly looks great having just created a bullish crossover and bullish divergences occurring on RSI and MACD as the histogram starts to print its first green bar since November.
Weekly market structure is still bullish having put in a new HH and now formed a HL where it has started to reverse here after correcting into a supply to demand flip zone on the weekly. Id expect the trend to continue to the upside from here based on HTF market structure.
Weekly market structure is still bullish having put in a new HH and now formed a HL where it has started to reverse here after correcting into a supply to demand flip zone on the weekly. Id expect the trend to continue to the upside from here based on HTF market structure.
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.