$FTM
From the overall perspective of the daily line, it is much worse than $PENDLE . So far, even the neckline has not been broken.
However, from a microscopic level, it has already gone out of the downward trend and the breakthrough behavior. If there is a subsequent callback to 0.5566, it is the best entry position. It is a very standard breakthrough and confirmation after the downward structure. It can also be seen that the moving average is gradually converging, which can also show that the potential is converging.
From a smaller microscopic level, the price is moving along this price channel. It can be seen that the 0.63 area is the support level of the current top consolidation. If it comes to the 0.63 area later and gives a signal and does not fall below this, it can also be regarded as a confirmation of the effective breakthrough.
0.768 above is the nearby resistance level
