🔥 FTM Going Parabolic: Minor Correction Ahead

Some time ago I made an analysis on FTM and the falling wedge pattern. My assumption was that a bullish break out would lead to an inevitable pump in price. All targets have been hit recently, congratulations on the trade.


FTM rose faster than expected, gaining almost 60% after the break out. Currently, I'm looking for a minor correction towards the yellow support area. Worst case we re-test the red area.

In the end, FTM will resume the bullish uptrend. Targets in blue.