TheSignalyst

FACEBOOK - Is Coming Back!

Long
NASDAQ:FB   FACEBOOK INC
Hello everyone, if you like the idea, do not forget to support with a like and follow.

on DAILY: FACEBOOK is sitting around strong support in green so we will be looking for buy setups on lower timeframes.

on H1: FACEBOOK is forming a trendline in red (but it is not valid yet) so we will be waiting for a third swing to form around it to consider it our trigger swing.

Trigger: Waiting for a momentum candle close above the gray area to buy. (after the swing high is formed as shown in purple)

and of course, as price approaches our upper blue resistance, we will be looking for sell setups

Until the buy is activated, this one would be overall bearish and can still test the lower green support or even break it downward.

Good luck!
This analysis is done using RichTL indicator
http://www.RichTL.com

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Comments

Bomba
+1 Reply
TheSignalyst Rackelle_M1
@Rackelle_M1 you are
Reply
Break and retest , you right ++++
+1 Reply
@FOREXN1 thank you
Reply
Clean setup as usual. Thank you for sharing!
+1 Reply
TheSignalyst KlejdiCuni
@KlejdiCuni thank you gentleman
Reply
more helpful
+1 Reply
@abel11 glad you like it Abel
Reply
Nice chart
+1 Reply
nice, interesting setup, thank you for that! Fits perfectly in to the market moving right now
+1 Reply
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