FBT trade ideas

seanmcm

FBT has been trending down for a long time, is this a false dawn or a turning point? Comments?

sideshowbull

Gaps may be filled, seems FBT likes gaps filled. IMO no advice intended do your own research. BWTFDIK.

seanmcm

Interesting 5 year trend line. Is it broken, does it matter?

sideshowbull

All time low support, who doesn't like a bottom.?

seanmcm

Elliot Wave Rules: Rule 1: Wave 2 cannot retrace more than 100% of Wave 1. Rule 2: Wave 3 can never be the shortest of the three impulse waves. Rule 3: Wave 4 can never overlap Wave 1. Postulate Is it time for an ABC correction? Fibonacci seems to align quite well....

sideshowbull

FBT ,I note a head test(red) of the previous inverted head and shoulders (green) these usually play out, ref 2008 crash on US index look for similar pattern but in a bull market eg. invert everything. Russel, SP etc had this formation in the bull market head and shoulders then a test of the head which failed and then cam the crash. Here we have a head test on an...

sideshowbull

Small bull flag sent the move above bear channel, true?. I think so.

sideshowbull

Still need to confirm but a pop above res.

AntMwah

Harmonics don't often work on small caps & the A-C and X-D angles on here aren't exactly 88.6% BUT it's a pretty good looking bat all the same.

sideshowbull

This chart is weekly chart showing the overall massive pattern - the smaller patterns are still in play. In my own opinion this major pattern still favours 38-49p as a target.

sideshowbull

FBT add/long at last post of flat bottom of move, approaching trend resistance. Looks good

sideshowbull

Major support trend just below, however I feel this little flat move could hold, hence my adding at this level. No advice intended. In my own opinion.

sideshowbull

May come to test lower support 8p area Still long for the massive major pattern.

sideshowbull

The major pattern in play, placing made the shoulder broader but target same, support 9.8p and 8.50 p

sideshowbull

Use eye balls.

sideshowbull

Nice flag in the inverted head and shoulders, short term 15p target then on to 20's

sideshowbull

Pause at resistance

sideshowbull

INVERTED H/S , did not test head, I think bottom of move is in.