FLM Has Mirrored Itself ! The Road To $0.5 Has Just Begun
I'll Show You An Interesting Phenomenon: The FLM Chart Has Mirrored Its 2022 Price Action.
7th Step Is On The Way !
I strongly believe, this flip zone In The Chart Below, established in December 2020, represents the primary hurdle for the FLM. This zone has resisted the price movement on 10 attempts within the weekly timeframe. As you may know, the more a zone undergoes retests, the greater the likelihood of it being overcome in the future. So From Now On, I consider this zone as a pseudo-resistance-level which will be broken within the upcoming weeks.
It's Simple To Identify The Big-Big Falling Wedge Pattern, And It's Even Easier To Recognize The Break-out At The Top Of This Pattern. Consequently, We Are Currently Experiencing The Pullback Phase. The War Thing You Hear On The News These Days, Is The Excuse For This Pullback.
So, We've Identified The Flip Zone, As Well As The Broken Falling Wedge. What's Next? I'll Tell You What's Next!
There's A Colossal Head-And-Shoulders Pattern Formed Directly Under The Main Flip Zone. Considering The Number Of Attempts To Break The Neckline And The Falling Wedge We Mentioned Earlier, We Anticipate The Price Will Shatter This Neckline And Jump Right Into The Daily Order Block, Which Is Located Around $0.5.
7th Step Is On The Way !
I strongly believe, this flip zone In The Chart Below, established in December 2020, represents the primary hurdle for the FLM. This zone has resisted the price movement on 10 attempts within the weekly timeframe. As you may know, the more a zone undergoes retests, the greater the likelihood of it being overcome in the future. So From Now On, I consider this zone as a pseudo-resistance-level which will be broken within the upcoming weeks.
It's Simple To Identify The Big-Big Falling Wedge Pattern, And It's Even Easier To Recognize The Break-out At The Top Of This Pattern. Consequently, We Are Currently Experiencing The Pullback Phase. The War Thing You Hear On The News These Days, Is The Excuse For This Pullback.
So, We've Identified The Flip Zone, As Well As The Broken Falling Wedge. What's Next? I'll Tell You What's Next!
There's A Colossal Head-And-Shoulders Pattern Formed Directly Under The Main Flip Zone. Considering The Number Of Attempts To Break The Neckline And The Falling Wedge We Mentioned Earlier, We Anticipate The Price Will Shatter This Neckline And Jump Right Into The Daily Order Block, Which Is Located Around $0.5.