Looks like FB has an bullish pennant on the daily. Target could be the 0.618 fib.
Small bull flag sent the move above bear channel, true?. I think so.
There is one useful way to determine when a trend is over and that is using a 50% "speedline" of a move. The decline from $400 in $IBB, the IShares Nasdaq Biotechnology Index Fund back in July 2015 and then tumbled 40% to $240 on February 9th, 2016 and later retested $240 on June 27, 2016. The mid-point of that decline is $320 and a line drawn from...
May come to test lower support 8p area Still long for the massive major pattern.
Many were calling for inverted H/S since Jan, rules are finally coming together for confirmation. BWTFDIK