-Will the tech crash after today's FED meeting or are we going to actually see a rise?
-Well, as much as we want to see that rise soon, realistically speaking, we need to find a good ground first. We see a potential drop to S2 and even S3 before FB can rise back to the top with confidence. The recovery will be super short due to the tremendous attention to the tech sector this year.
-Demonstrated on the chart are 2 possible outcomes from this meeting.
1) 1st outcome is the positive one where FB is not getting affected negatively.
2) 2nd outcome is the negative one, where FB falls to S2 and S3 seeking the next support.
-Well, as much as we want to see that rise soon, realistically speaking, we need to find a good ground first. We see a potential drop to S2 and even S3 before FB can rise back to the top with confidence. The recovery will be super short due to the tremendous attention to the tech sector this year.
-Demonstrated on the chart are 2 possible outcomes from this meeting.
1) 1st outcome is the positive one where FB is not getting affected negatively.
2) 2nd outcome is the negative one, where FB falls to S2 and S3 seeking the next support.