If we refer to the fractal short-term analysis, then if the price consolidates above both fibonacci lines, then most likely it will repeat the fractal of the last year
Given the current situation, I think that the price will test point C in order to approach level D.
Since the strong level is at point D, old pinbars are not visible here. So for a short term within a week, maybe two, and then a short position to point D.
How we can see, now FB raise and i see triangle, at this week FB'll be able raise at level Fibo and my lines aroind 80.00/8032, after we'll see fall at black elipse level at 7832 /7836
Good evening. According to my calculations, fasebook will work out another zigzag, and thus forms a second arm. After waiting for a correction and we will continue to test resistance levels and support, and our main goal checking for new heights.
Advice- sell-7832,7916, 7982 s/l-8050-8080
