FIL Is Losing Bearish Momentum => Bullish Takeover Soon?📉FIL has been printing a series of progressively weaker bearish impulses, first a big drop, then a smaller one, and now a flat one.
This loss of bearish strength is happening while price is hovering above a major demand zone (orange), a level that previously triggered a massive rally.
📉📈Notice how the bearish swings are curving and flattening (dotted pink curve). This is often an early sign that sellers are exhausting.
⚔️As long as FIL remains above the demand zone, we will be looking for bullish reversal setups, especially if price retests the orange zone one more time and rejects it.
🏹For the bulls to take over entirely, price needs to break above the blue consolidation zone, confirming a shift in momentum.
Do you think FIL is gearing up for a bigger move? Let me know below! 👇
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
