We are almost there with $FB, as you can see the pattern measuring the ATR with Keltner Channels.
My target is the 3rd upper ATR after the before-seen RSI confirmation rising from below 50% and the candle being almost halfway from 1-2 ATR.
However, it might just bounce without touching the 1 ATR level as it did on Aug 04 (see rectangle)
My target is the 3rd upper ATR after the before-seen RSI confirmation rising from below 50% and the candle being almost halfway from 1-2 ATR.
However, it might just bounce without touching the 1 ATR level as it did on Aug 04 (see rectangle)
Trade active:
It broke the initial idea; however, now, I can see a great risk-reward with this bullish engulfing candle.