themarketzone
Short

Bearish Butterfly in $FB

NASDAQ:FB   FACEBOOK INC
$FB about to complete an advanced harmonic trading pattern near 77$. For those who seek reversal, that could be a great reversal zone.
Don't you agree!?
snapshot


Based on RSI, its pretty unlikely we'll break above too :)
Let's wait and see..
+2 Reply
Nostalgia LastBattle
So far 3 people are waiting for a reversal.Guess we should start looking for signs of continuation! ;)
+1 Reply
You do that. Great R/R you get on the long side! Being cynic of course
+1 Reply
Nostalgia themarketzone
I was humorously referring to the Contrarian approach! ;) I'm still bearish as long as price remains below 77.63.(The expanded flat scenario).Although I do not rule out the possibility of continuation either. :)
+1 Reply
I think it is clear that $FB may have reached its top (for now at least). We will wait and see
+1 Reply
It's also in agreement with a possible bearish wave count.Price might be in the latest stages of forming a B wave of an expanded Flat.We'll wait and see! :)
+1 Reply
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