The price action has hit the long-term trend, giving us 2 possible scenarios:
"The four most dangerous words in investing are: ‘this time it’s different.'" – Sir John Templeton
- 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