Harmonic Pattern on Facebook gives important signals The yellow line is the main line for Facebook since 2013, The dotted resistances and supports traced the important B point of the pattern.
The latter candles (3 weeks) tested the 0.618 Fib level. There is still some potential that the market would reach the D point, then a correction or profit taking will lead the prices to the blue dotted line as a target (which is also 38.2 fib level), this line also crosses the main yellow line that I spoke about before, this is why this scenario is very plausible.
let's focus on volumes THEY make the market move, not the prices.
FB needs a pullback in order to climb higherThe yellow channel is the average value of the stock, it is here only for information. The green channel is our current short-term trend. We need a rollback to the level of 240-250 to achieve further goals (Goal 280-300), at the moment the stock is overbought.
facebook - FB Technical AnalysisBased on technical analysis, Facebook has just got out from a Sideways Trend - Pause of the Market before resuming its previous bullish trend - and the idea is to go long as per major trend but wait the end of a possible price set back (Return move) before going long Target Price 280 USD.
Breakout of the level 250 USD (with the Target price of 270 USD reached.
STRONG SELL FOR FACEBOOK [Don't forget to follow me]FACEBOOK IS GOING DOWN this is the end of the UPtrendI suggest to get rid of all your position in snapchat you can check my ideas I'm 99% right about the stocks.If you need any help about any stock please contact me i will be glad to help.If you are a stock investor and you want advice please contact i will be glad to help. .