As the trend line broke on 
FB with today's gap down and flush, we saw some capitulation that coincided with a 38.2% Fibonacci retracement. Looking for a short term bounce towards $31 at which point I expect a reversal and further downside until we fill those gaps below and approach some solid support.
FB with today's gap down and flush, we saw some capitulation that coincided with a 38.2% Fibonacci retracement. Looking for a short term bounce towards $31 at which point I expect a reversal and further downside until we fill those gaps below and approach some solid support.
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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.