themarketzone

Harmonic pattern reached targets - Where to next?

NASDAQ:FB   FACEBOOK INC
The bearish harmonic pattern you see reached both of its target zones.
The price now holds the 50 days support line as FB             prepares for earnings .
Expectations are for a great earnings report... with such high expectations the potential disappointment is also pretty high.

Bulls - MA line should hold as support and if that will be the case FB             should make its way to 140$ to touch the top of the channel again

Bears - Take profit before earnings or bet on continuation towards the next support zone near 122-123$

Trade closed: target reached
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