🔥 FTM Found Support: Potential Minor Bounce Ahead

٣١ أغسطس ٢٠٢٢

In general, the market has been relatively bearish over the last week or so. In the long-term, my view on the market is still bearish. However, that does not imply that we can make minor bullish trades in the process.

FTM is one such case. In my view, it's very possible that FTM has found a (temporary) bottom and that a bounce is under way. I kept my target (blue) close because I'm still bearish for September.

Best case scenario would be for FTM to move all the way to the top resistance of the triangle.