cantestogo
Short

FMC POSSIBLE BREAKOUT FOR SHORTING

NYSE:FMC   FMC CORP
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2
Looking at previous rising wedge breakout i've measured a retrace under 0.61 fib. The breakout occurred after 291 bars on weekly chart and happened with many gaps. Now we have a similiar pattern, time symmetry, a gap that's going to break lower trendline and volume increasing. Need to see a strong distance from lower trendline , possible gaps and more volume for confirmation. As a possible target i'm pointing to 0.61 fib area. Good luck for your trading

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