$FB break of bull flag$FB has had multiple inside days after an igniting and is consolidating on decreasing volume.
Buy Facebook 16/8/2020Facebook share is moving in a short-term upward trend
Prices are testing moving average 13
Trading volumes increase with the increase in prices and decrease with the decrease in prices
So you can buy
Targeted 291
Stop Losses 247
BTC testing support before another move up? BTC may have another leg down to test the support before another move up to break new highs. if 11450 does not hold I would look for another dest to about 10800.
FB breakthrough next target 300 Nice BREAKTHROUGH TODAY
If confirm next few days should go easily to 300
facebookfacebook
Over lab Fibonacci extension 1.618
if break this resist go to 2.618 wave 3
wait for break the 1.618 overlab
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.
