FET was rejected for the 4th time at the daily 200EMA! Each time the probability of a breakout increases.I have adjusted the High Volume Nodes for accuracy.
Locally Fetch appears to have completed a motif wave up with an ending diagonal for wave 5. Wave 2 is expected to find support at the daily pivot and .618 Fibonacci retracement before attempting a breakout of the daily 200EMA once more.
A move below wave II will invalidate this analysis.
Safe trading
MSc Financial Econ
PhD Candidate: Investing & Social Mood
Technical Analyst 7 years
Trader / Investor 14 years
Free DeTrended Metrics Report: detrended.substack.com
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PhD Candidate: Investing & Social Mood
Technical Analyst 7 years
Trader / Investor 14 years
Free DeTrended Metrics Report: detrended.substack.com
Members Only Signals: tradesignals.substack.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
MSc Financial Econ
PhD Candidate: Investing & Social Mood
Technical Analyst 7 years
Trader / Investor 14 years
Free DeTrended Metrics Report: detrended.substack.com
Members Only Signals: tradesignals.substack.com
PhD Candidate: Investing & Social Mood
Technical Analyst 7 years
Trader / Investor 14 years
Free DeTrended Metrics Report: detrended.substack.com
Members Only Signals: tradesignals.substack.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.