The FET graph is following an Elliott Wave pattern. This graph has a 1-2-3-4-5 subwave structure, indicating an impulse wave. It is currently in wave 2, which is a strong B, C fail flat correction. Now that Wave 2 has completed, the effect of a strong B, C fail flat correction is to go to wave 3X or super wave 3X, targeting Fibonacci extensions at 1.618 and 2.618 of wave 1.
Wait for it to retrace to Fibonacci levels 0.382, 0.5, and 0.618, and then enter the trade at wave 2 to target Wave 3X.
Wait for it to retrace to Fibonacci levels 0.382, 0.5, and 0.618, and then enter the trade at wave 2 to target Wave 3X.