๐Ÿ”ฅ FTM Fell Through Support: Bearish Break Out

์—…๋ฐ์ดํŠธ๋จ
In my last FTM post I discussed the falling wedge pattern drawn on the chart. My expectation was that FTM would continue to trade within this pattern. A couple days later we can safely say that the market conditions have deteriorated significantly after Powell's speech.

๐Ÿ”ฅ FTM Falling Wedge Continued: Bounce Initiated


FTM has broken through the wedge's support and is currently in the process of retesting the support as resistance, a classically bearish happening.

In my view, it's highly likely that FTM will keep on falling. I'm looking at the two blue lines as initial targets.
๋…ธํŠธ
Target 1 hit๐Ÿ”ฅ
๋…ธํŠธ
Target 2 hit
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