ショート

FTM to $2.13 level

315
Fantom just broke bearish from this continuation pattern which is nestled inside a larger H&S pattern.

FTM also rejected pretty hard right at the top of the red ichimoku cloud.

Both patterns give a target price of around $2-2.2

I am expecting FTM to pull up a bit and touch the trendline it broke out of before continuing to the downside. This would be optimal as it would reset the RSI on lower time frames for a continued downward move.

I have set up on the chart my intended play with take profit and stop loss levels.

This is not financial advice. Trade at your own risk.

*NOTE* If fantom does not retest the trend line I will likely set up a long position after the price target has been reached. FTM needs to do this rather soon or else it will continue to fall, in accordance to the ichimoku.

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