The overall structure remains unchanged in $FORM. Price previously failed to break above the descending trendline, which resulted in another LL. I think the downtrend now appears to be approaching its final phase, as momentum is clearly building on the oscillator. A clean breakout above the trendline with strong volume will likely trigger a sharp upside move.
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#FORM Update:
The overall structure remains unchanged in $FORM. Price previously failed to break above the descending trendline, which resulted in another LL. I think the downtrend now appears to be approaching its final phase, as momentum is clearly building on the oscillator. A clean breakout above the trendline with strong volume will likely trigger a sharp upside move.