curtmelonopoly

Possible Up-Channel Continuation Testing Trad. MA's+Sup/Res

NASDAQ:FB   FACEBOOK INC
Watch out for a possible bullish continuation as price tests several traditional indicators.

Technicals:
1. Currently trading at 181.75 in premarket, up 0.16%
2. Elliot wave analysis uncovers symmetry following an up-channel option, with (5) pivoting off conventional support (red-dotted line) at ~175.60
3. NOTE: Thick green arrow shows price has tested its 20 MA, with next test at the 200
4. IF price continues to follow its up-channel, and provided that resistance is broken at 185.03, THEN its next price extensions are: 188.50, 195.25


For the complete technical analysis on this swing trading set-up, including full price extensions and bullish / bearish targets, click here: https://compoundtrading.com/swing-trading-periodical-contact
I Trade Fear
Creator of EPIC v3 Oil Trading Algorithm
Founder of Compound Trading Group
Student of Creator’s Quantum Love Playground
#gratefullylost

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out