Stock Groups

This key trading pattern hints at the continuation of Fantom’s (FTM) 125% rebound -Breaking

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FantomFTMAfter a 125% rebound in its price from $1.23 (Dec. 14, 2021) to $2.84 (1/13/2022), a bullish reversal set up, ), ) is poised for a record-breaking session.

Dubbed Inverse Head and Shoulders (IH&S), the setup appears when an asset forms three troughs below a so-called neckline resistance, with the middle trough (the head) deeper than the left and right shoulder.

Daily price chart with inverse head-and-shoulders pattern TradingView
FTM/USD daily price chart featuring the IH&S’s breakout setup. TradingView
FTM/USD daily price chart featuring volume profile target. TradingView
In a nutshell, the Relative Strength Index. Source: Investopedia
FTM/USD price chart with RSI-led adjustments TradingView