cantestogo
Long

FB - FACEBOOK LONG SETUP

NASDAQ:FB   FACEBOOK INC
After an AB=CD pattern the price reaches a resistance level and retraces building support. An impulsive leg up breakes the resistance level and is now in a consolidation phase. I'm looking for a retrace in the 0,618 fib line area to see the price action to enter long. First target 1,27 fib extension, second target 1,4 fib, third target 1,618 fib. Risk reward ratio 5.
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