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McGuireTO
Aug 26, 2018 3:48 PM

FB tightening daily equilibrium Long

Meta Platforms, Inc.NASDAQ

Description

FB in a tightening equilibrium, trying to find support here before moving up and finding a lower high relative to 188.30. Losing 170.91 would increase the odds of a weekly bear flag, I'd be looking down at 166.56 then low of the after earnings post-market dump, 164.30. Lots of support in that area, with a yellow trend line in tact since June 2013 just below. Breaking bullish out of this pattern and I'll be sitting comfortable in a swing looking up to all time highs again with little resistance in the way.
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