FET is overall bullish trading inside the brown rising broadening wedge pattern.
FET is now approaching the lower brown trendline and green support so we will be looking for buy setups.
on DAILY: The sellers seem to be exhausted, as the last swing couldn’t push lower, instead resulted in a higher lower. Which gives us an early alert that a potential shift in momentum might occur soon!
Moreover, FET formed a valid wedge pattern in red and inverse head and shoulders pattern.
But it doesn’t mean that the bulls took over yet.
Trigger => For the bulls to take control, before we buy, we need a candle close above the gray neckline.
Meanwhile, until the buy is activated, FET would be overall bearish can still trade lower inside the green support before trading higher.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
