Price has currently stalled out at the base of the H/S pattern which has recently been completed.
There is also low volume which suggests energy building and an impulse to either side. Current price action suggests that this trend will continue upwards.
Although I have many reasons why I would like to take this trade technically and fundamentally, patience is the game.
I want to wait for further signs that price will hold at this level and that FTT will receive a good volume push. Until then I will continue to monitor FTT.
There is also low volume which suggests energy building and an impulse to either side. Current price action suggests that this trend will continue upwards.
Although I have many reasons why I would like to take this trade technically and fundamentally, patience is the game.
I want to wait for further signs that price will hold at this level and that FTT will receive a good volume push. Until then I will continue to monitor FTT.
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
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