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

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).