Overall market sentiment bullish, FTM however is a special one for long-term and short-term. I want to see the S/R flip zone hold, I do not want FTM to break through this level otherwise the bullish move would be invalidated. I am looking to take a long from around $2.60-$2.70 level, ideally if these levels hold I want to make this a long-term trade, targetting $3.50 and above. Short-term $3.13, long-term $5.
Comment:
Compounded at $2.45, I think we will remain around this level across the weekend into a bloodier Sunday, but after that, then we’re ready to fly.
Consolidation zone playing out well, hoping for a triple tap at the bottom of the consolidation zone, followed by a break of structure at $2.64. 2 levels I am looking at entering the long is shown.