HI BIG PLAYERS,
in this view I present a bearish Wolfe Wave on facebook chart.
The rebounce was exactly on the fibonacci line 1.272 and will support with a candle indication: morning star.
I see it to late, this is why I actually can give an riskreturn of 1:2.
I'm the second winner of the official German Forex...
Last time we bought the dip at 161, and now we could be looking for a C retracement down.
For a B retracement FB cannot go higher than the previous high at 198, if it does that we have higher highs coming.
C target would be around 150 USD.
Please like the post, to be updated.
FACEBOOK has put a reversal signal after breaking above 200 and back below a key level around 197-198. It has made an effort to close the unfilled GAP at 217 levels and failed and broken through a key level at 197.
On top of that FACEBOOK has put a bearish confluence with the momentum and the price action.
Also it has significantly moved away from the 200EMA...
As price got to 38.2% on Friday, profit taking took place and falling equities in China affected US as well. Open of Facebook is at the support, so a retest is happening, looking for a setup on small time frame during the session, reversal or otherwise.
Hello dear FB & Crypto fans, hope you're doing well guys! US Treasury Secretary Steven Mnuchin held a press conference yesterday basically stating that they won't allow crypto entities to 'operate in the dark', attacking Facebook for the creation of Libra. While he is officially giving 'money laundering' and 'the war on drugs' as a reason, everyone knows that it...
Good Morning TradingView Family!
Today we are looking at the FACEBOOK stock on the larger timeframes. Please note that im not that much into stocks and most likely trade currencies!
But this longterm short setup got my eye. Price from FB did break through the 200 Dollar mark and now is consolidating. From this point on i really like to see a larger correction to...
Steblecoin Libra from Facebook is one more big step towards accepting cryptocurrencies all over the world.
The company formally unveiled its highly-anticipated digital currency project. It's called Libra. It is also known that it has been in the United States of America (FB).
I’m a couple of people who haven’t been able to help. At the same time, the announcement...
Even for short term corrections may happen, values are getting higher and higher each day. We can see the double dip to the purple baseline of triangle and than a steep upwards move came.
When the purple triangle will be completed, I'm expecting a steep rally upwards. First target will be 219 which as ATH (all time high) and than it will set a new...
Currently at 4 hour 200SMA, resistance formed at the gap, a break through that could trigger a long trade to close the gap at least. Ideally we would see the retest of the uptrend line at 38.2%, but still decent recent risk-reward. Good Luck!
I'm planning to go long Facebook at the market open on monday. Only if no gap! I will move my stop to breakeven quickly. Hoping to get 1:4 RRR
Disclaimer: This is not financial advice