FIL — Fractal Repetition? Third Wedge Formation Under Long-Term Pressure
FIL is forming its third wedge pattern within a broader downtrend that has lasted for over 2.5 years. The chart reveals a clear fractal symmetry, where each previous wedge was followed by a strong upward breakout.
Currently, the price shows signs of a local uptrend and accumulation near the lower boundary of the channel — increasing the probability of a rebound. Immediate targets are $4.38–$4.81, with potential for further upside.
FIL is forming its third wedge pattern within a broader downtrend that has lasted for over 2.5 years. The chart reveals a clear fractal symmetry, where each previous wedge was followed by a strong upward breakout.
Currently, the price shows signs of a local uptrend and accumulation near the lower boundary of the channel — increasing the probability of a rebound. Immediate targets are $4.38–$4.81, with potential for further upside.
Dagangan aktif
#FIL remains deep within its cycle — a stage where the market clears out the excess and quietly builds the foundation for the next major impulse.
Price action is consolidating within the current key accumulation zone, forming a structure that often precedes the breakout from a multi-year bottom.
The $1.69 level is viewed only as a potential extension of fear-driven capitulation,
but as long as the structure holds above the zone — the accumulation thesis remains intact.
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.