After hitting a major supply line, FIL has entered a corrective wave.
Similar to the other setups I shared earlier today, this one is showing very comparable price action. Currently, FIL is trading below all key moving averages (such as the 200 SMA and 50 EMA).
On top of that, an imperfect head and shoulders formation is in play. With the recent breakout, it seems likely that FIL will attempt to grab the lower liquidity pool, which sits around $2.2.
Thanks for reading.
Similar to the other setups I shared earlier today, this one is showing very comparable price action. Currently, FIL is trading below all key moving averages (such as the 200 SMA and 50 EMA).
On top of that, an imperfect head and shoulders formation is in play. With the recent breakout, it seems likely that FIL will attempt to grab the lower liquidity pool, which sits around $2.2.
Thanks for reading.
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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.
Related publications
Disclaimer
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.