Fet, which continued its decline along the red downtrend, revisited the August’s IMB level. On the one hand, it continues to hold in the region, on the other hand, it continues to move towards the trend squeeze.
With a close above $1,741, it will start an uptrend.
It should be noted that it may retreat to retest the new IMB level that it will create after a close above this level. Therefore, for short-term holders, this level can be considered for profit-taking.
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