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TheSignalyst
Apr 1, 2021 9:26 AM

FACEBOOK - Sell Setup Forming! Short

Meta Platforms, Inc.NASDAQ

Description

Hello everyone, if you like the idea, do not forget to support with a like and follow.

FACEBOOK is approaching a strong daily supply in green and round number 300.0 so we will be looking for sell setups on lower timeframes.

on H1: FACEBOOK is forming a trendline in red, but it is not valid yet, so we will be waiting for a third swing low to form around it to consider it our trigger swing. (projection in purple).

Trigger => Waiting for that swing to form and then sell after a momentum candle close below it (gray zone)

Until the sell is activated, FACEBOOK would be overall bullish and can still test the 300.0 level or even break it upward.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
Comments
lollobchara1
I will post it in my stories 🤣 great effort broo
TheSignalyst
@lollobchara1 haha nice one Elio
Helical_Trades
Great call brother :D
TheSignalyst
@Helical_Trades, thank you brother Helical for the support
ahmadawada
waiting the complete formation
TheSignalyst
@ahmadawada, yes :D
CobraVanguard
Professional work, I really like it
TheSignalyst
@T_V_TreeTrader thank you brother
jojofang0901
thanks for your analysis Rich :)
TheSignalyst
@jojofang0901 respect jojo
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