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
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 :/