FTM May be on the Verge of a Slow Move Upside
Hi Everyone! Fantom (FTM) appears to have potential for momentum to build up for a long SWING signal. I pointed out in the video we still lack the Red Line in the 6-Day rising above level 20. We also need the Green Line and Yellow Energy in my PARXCES indicator to rise above Level 50. However, judging by what we see in the 5-Day time frame and lower; we have potential for my conditions to "eventually" be met in the 6-Day and Weekly time frames.
If and/or when we do get expansion up in the 12-hour and 24-hour time frames; this expansion may take the price action up to the Yellow B-Band Basis in the 2-Day at around $0.2555 and possibly higher to the Magenta Upper B-Band in the 2-Day around $0.2684. At that point, we may see another pullback to around $0.2450 and bounce off $0.2450 to go to even higher high.
I suppose we will find out soon if this will be the case. Of course, this will take time to play out. You'll have to be patient with this SWING trade.
I hope this was helpful.
Happy Trading and Stay Awesome!
David
Short Term Group of time frames (30m, 60m, 90m, 2h, 3h, 4h, 6h and 8h):
Near Term Group of time frames (12h, 24h, 2D, 3D, 4D, 5D, 6D and 1-Week):
If and/or when we do get expansion up in the 12-hour and 24-hour time frames; this expansion may take the price action up to the Yellow B-Band Basis in the 2-Day at around $0.2555 and possibly higher to the Magenta Upper B-Band in the 2-Day around $0.2684. At that point, we may see another pullback to around $0.2450 and bounce off $0.2450 to go to even higher high.
I suppose we will find out soon if this will be the case. Of course, this will take time to play out. You'll have to be patient with this SWING trade.
I hope this was helpful.
Happy Trading and Stay Awesome!
David
Short Term Group of time frames (30m, 60m, 90m, 2h, 3h, 4h, 6h and 8h):
Near Term Group of time frames (12h, 24h, 2D, 3D, 4D, 5D, 6D and 1-Week):
Comment:
Comment:
UPDATE:
HALT THIS SWING TRADE UNTIL ALL CONDITIONS ARE MET IN THE 6-Day and Weekly.
HALT THIS SWING TRADE UNTIL ALL CONDITIONS ARE MET IN THE 6-Day and Weekly.
