$FIL may retest the previous high.

I saw some people wondering about FIL.

Very interesting chart, so here's my personal trade setup for it.

First of all, the 3 purple ranges are strong support levels which may cause impulses there.

Hence, here's what I will do, but it's a risk with a potential of 80-120% profits for the mid-term and may double your investment.

I think FIL will retest the high!

It broke out of another descneding channel and it now going through major resistance, however, I do believe it may drop down further which is why I have 3 entry points.

Stop loss is far, but you can get out of it if you wish to DCA further on that level and wait for a further rise to get out at breakeven at worse case scenario.

Risky trade, I wouldn't use a big capital on FIL because it's giving me bear market behavior.

However, the volume is showing an accumulation stage, which is where the smart money may come in.