4XSetUps

Facebook @ 1h Chart @ Trend-Reversal or Break Down !?

NASDAQ:FB   FACEBOOK INC
> 126.24 & 124.62 bearish character
  • around 119 traders are creating something like a trend-reversal formation "shoulder-head-shoulder"
  • under 119 until 113 market participants created an "reversal shoulder-head-shoulder"
  • above 119 even until 124.62 is the trading zon of both "shoulders"

positiv is the fact that we created this week something like a "flag-formation"
- a trend-evidence-formation, which usually suggest higher price.
Even an upside trend with a temporarly consolidation.

How ever,
  • only an UpBreak above 126.24 signals a bullish signals into new all-time highs 2017
  • only an DownBreak under 113.51 signals a bearish signals into new mid-term lows 2017

Take care
& analyzed it again
- it`s always your choice ...

Best regards
4XSetUps
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