FB low on 7/27/18 was 173.00 this split the difference between two important Fibonacci points.
A .236 retrace of the FB entire bull market is at 171.17
A .618 retrace of the rally from its last correction low is a 175.61
This implies very strong support. A break below 168.00 could be very bearish.
Bulls should keep a close stop. A bounce may only last two or three weeks and may not make a new high.
Mark
A .236 retrace of the FB entire bull market is at 171.17
A .618 retrace of the rally from its last correction low is a 175.61
This implies very strong support. A break below 168.00 could be very bearish.
Bulls should keep a close stop. A bounce may only last two or three weeks and may not make a new high.
Mark