This technical analysis reveals FET continues struggling below key resistance at 29 cents with mounting bearish pressure. The analyst identifies a completed five-wave downward structure, presenting two scenarios: a direct decline to 18.1 cents (100% extension target) or a potential B-wave bounce requiring a break above 27.5 cents to signal buyer activity. Critical support sits at 22.6 cents. The analysis warns of absent bull momentum and emphasizes the need for a micro one-two setup to confirm any recovery attempt. Investors should watch this for precise entry/exit levels and understand the structural weakness indicating further downside risk before any sustainable reversal.