UnbiasTrading

FB potential bottom confluence

Long
NASDAQ:META   Meta Platforms
Fib Resistance from Corona low to ATH provides support at the 0.618/0.66 level.
Weekly resistance respected so far. Will have to monitor 222 level for the weekly close.
Fib Speed Resistance Fan showing a hit to the dollar on the 0.75.
Increased volume continues after earning
Comment:
Pulled the Fibonacci Retracement from the last low of 2018. Combined with zooming out to the monthly chart, this current level can be justified still. Now waiting for the monthly close, preferably within the 0.618 to 0.66 level.

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