FTM has put in a larger swing failure pattern breaking above the support level shown by the blue line on the chart and then came crashing back into the range. The recent price action retracement has put price in the golden pocket in addition to being a bearish retest of the support level.
I’m currently looking for this to be a short position that will trade back to the range low. Watching for lower timeframe entries and bearish signals will be key right around the level price action is at now.
FTM has put in a larger swing failure pattern breaking above the support level shown by the blue line on the chart and then came crashing back into the range. The recent price action retracement has put price in the golden pocket in addition to being a bearish retest of the support level.
I’m currently looking for this to be a short position that will trade back to the range low. Watching for lower timeframe entries and bearish signals will be key right around the level price action is at now.