FLT - Reversal, Head & Shoulders, Breakout!!
2 criterias for breakouts with FLT-C :
- Break a minor downtrend
- Be above 50MA
With these criterias, it worked 4 out of 4 times. Each time it grew at least +25%.
We're at 0.66
The 50MA is at 0.69.
We just broke the minor downtrend.
We're sitting on the uptrend.
We just formed a head & shoulders short-term.
There is a larger head & shoulders under construction which will be confirmed if we reach 0.88$ for a longer play.
Also, on the weekly chart, there isa hidden bullish divergence with Stoch/Price.
Beware of the downtrend line from 2 years back!
Stoploss should be at 0.58
Happy trading!
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.