FTE

I'm in this for long term recovery play....risk 1.6p, reward around 5p...only my thoughts, but I'm not trading this...letting it run for 5p or will take quick profit if we fall back towards 1.75p...not a huge position, but good return if my "luck pay off"

TA on penny shares are extremely hard.
Only thing id say is you have way to many indicators. Id say maximum should be 3.
It cant be wave 4 as wave 4 should not enter wave 1 terrortory.
hope that helps

screencast.com/t/F6ApVOoz

Can someone please review my basic TA on FTE . It is playing the Fibs nicely and the wave counts (to me)look like we are an wave 4 - would 3.25 be a realistic target for wave5?