Short
2 hour double top with non true divergence - SHORT FTM
FTM has printed a double top with declining RSI - this is not a true divergence since it did not form a new higher high on this mornings jump missing by a few cents.
Targets would be areas of support or FIB levels:
Support: 2.17
Fib .618: 2.06
Fib .764: 1.96
Support: 1.92
Targets would be areas of support or FIB levels:
Support: 2.17
Fib .618: 2.06
Fib .764: 1.96
Support: 1.92
Trade chiuso: obiettivo raggiunto
2/4 targets reached and missed the third by just 2 cents if you weren't stopped out by the wicked 15 minute pump and dump a few days back. 2 hour is now in bullish divergence (not very strong and not recommended as it would be a counter trend trade).
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