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Sr.Botones
Jul 31, 2013 6:56 PM

Shoulder-Head-Shoulder Short

Meta Platforms, Inc.NASDAQ

Description

In the next few days we can see a change of trend.
If we take a look to the chart, we can see a clear bearish chart signal for the next few days: Shoulder-Head-Shoulder.

Price nees to consolidate and as we can see right now it is overpriced because bullish forces can't push more than 38$ at this moment, that means that if people consider that prices as an expensive price, the price will readjust itself to a new lower price.
Comments
Sr.Botones
When RSI $ %R goes up of the purple band, we will suffer another dump
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