Facebook @ 1h Chart @ Trend-Reversal or Break Down !?
> 126.24 & 124.62 bearish character
positiv is the fact that we created this week something like a "flag-formation"
- a trend-evidence-formation, which usually suggest higher price.
Even an upside trend with a temporarly consolidation.
How ever,
Take care
& analyzed it again
- it`s always your choice ...
Best regards
4XSetUps
- around 119 traders are creating something like a trend-reversal formation "shoulder-head-shoulder"
- under 119 until 113 market participants created an "reversal shoulder-head-shoulder"
- above 119 even until 124.62 is the trading zon of both "shoulders"
positiv is the fact that we created this week something like a "flag-formation"
- a trend-evidence-formation, which usually suggest higher price.
Even an upside trend with a temporarly consolidation.
How ever,
- only an UpBreak above 126.24 signals a bullish signals into new all-time highs 2017
- only an DownBreak under 113.51 signals a bearish signals into new mid-term lows 2017
Take care
& analyzed it again
- it`s always your choice ...
Best regards
4XSetUps
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