$FB
Updating chart from previous post.
Flag idea was a little messy, however we did see a 5% decrease after post.
Next we saw a rebound back into the .786 fib and full gap fill from the drop on 6/11.
This issue is now being able to figure out if 235 is going to become our next level of support or resistance after today's market pop and fade into EOD.
If you want to take my post a step future feel free to draw a resistance line staring from 6/15 to today. If we see the price rise about that line it may indicate that 240 is back in play.
However if the bulls cannot keep $235 as a level of support i would look to accumulate more around $228 - $232 area and use $221 as a healthy stop loss.
Updating chart from previous post.
Flag idea was a little messy, however we did see a 5% decrease after post.
Next we saw a rebound back into the .786 fib and full gap fill from the drop on 6/11.
This issue is now being able to figure out if 235 is going to become our next level of support or resistance after today's market pop and fade into EOD.
If you want to take my post a step future feel free to draw a resistance line staring from 6/15 to today. If we see the price rise about that line it may indicate that 240 is back in play.
However if the bulls cannot keep $235 as a level of support i would look to accumulate more around $228 - $232 area and use $221 as a healthy stop loss.