FFAI The weekly over the last year or so seems to be potentially forming an inverted head and shoulders, and if you go to the daily, the second shoulder itself seems to be forming one. It’s also holding above the .786 of a vwap drawn from its high volume candle (December I believe) of last year. If it recovers the 200 MA, I think it’s going to go. I will likely wait for confirmation before entering, a close above the daily neckline for short term, then the weekly neckline should it play out.
If you see any speed bumps, or just plain disagree with my analysis, please comment. As always, I want to be right either way my money, not my ego.
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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.