Facebook inverted Head and Shoulders reversal?
Updated
Volume supports the formation but the only thing taking away from its validity a bit is the fact it's a relatively low timeframe. I think it's valid, though, and will play a Long here.
Note
Taking profit at 179 and the formation will be negated if we fall below the .618 fib line so our stop loss will be below that.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.