Good opportunity to go LONG on Facebook

The price action has hit the long-term trend, giving us 2 possible scenarios:

  • Blue path: The price bounces at the long-term trend and continues to go high in a 1:3 win ratio.
  • Red path: Less likely given the past performances of FB             , the price would break the support at ~114 and will continue to go low. No SHORT entry recommended in this case given the uncertainty of the next strong support.

"The four most dangerous words in investing are: ‘this time it’s different.'" – Sir John Templeton
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