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FCT potential EW running triangle

POLONIEX:FCTBTC   None
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6
FCT started a consolidation pattern that looks like the beginning of an ABCDE Elliott Wave Running Triangle.
If C wave bottoms as expected, let's look at a zigzag formation of the DE wave for confirmation.

Buy target would be at the end of E wave
Comment: C wave ended, bouncing off support. So far so good...
Comment: On track, we've double bottomed and now en route to higher grounds. Potential resistances at .111, .118 and .122 where we should see the top of the first shoulder
Comment:
Comment: FCT didn't break the downtrend, and a bit early for a shoulder formation. The next leg will tell it all

Comment: FCT didn't get enough momentum to rise past its downtrend. Pattern is obviosuly broken. Idea closed :/

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