FACEBOOK short sell out of this structure completion
Updated
Hi everyone:
FB is also presenting a short sell opportunities as the structure is developing correctively for a short term down move.
Currently price is at the top of the higher time frame structure, and it correctively move to it, giving confluence to a short move to the downside.
I see 2 potential short opportunities, if price breaks below the structure, then wait for lower time frame correction and add in the sell,
or
price may go up once more to complete the structure and in that case we can look for entries from the top of the correction.
Be patient and wait for price action to develop before entering.
Thank you
FB is also presenting a short sell opportunities as the structure is developing correctively for a short term down move.Currently price is at the top of the higher time frame structure, and it correctively move to it, giving confluence to a short move to the downside.
I see 2 potential short opportunities, if price breaks below the structure, then wait for lower time frame correction and add in the sell,
or
price may go up once more to complete the structure and in that case we can look for entries from the top of the correction.
Be patient and wait for price action to develop before entering.
Thank you
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