Facebook perfect technical wash-out snap back technical review.

Facebook $FB bounced at Fib under mid quad (typically wash-out panic) then go up and over that important mid quad area that corresponds with timing cycle and major support test area.... then cleared a quad test and rocketed on confirmation then cleared upside Fib resistance and now testing 20 MA resistance. WOW super technical snap-back school in progress for trades new and experienced. Really, really strong support test last day or so.

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Comment:

$FB cleared 20 MA next test the upside Fib 161 area. Up near 4%. #timecycle #trading

Comment:

$FB 160.80 area likely best Facebook will get today - if it gets there. Super snap back trade for longs today. Congrats.

Comment:

$FB Facebook hit 161.42 near perfect to the upside Fib resistance. Great technical wash-out snap-back trade last week. #charting #stocks #trading