Hi guys and gals:
FB 1 week priceline is following cypher pattern since 2 jan 17 and now this is going to end soon, stochastic RSI is already moving in oversold zone, the candles are moving with D leg and sofar crossed the 0.618 Fibonacci retracement but still possible that it will touch the Fibonacci retracement 0.786 so there is more drop awaiting till around $138 in other words after touching 0.786 Fibonacci retracement FB will have nothing to lose but in my personal opinion if some one buys it here around $154 and hold and keep hold then he will gain profits after when the price action moves up from $138, here I will use my most favorite indicator squeeze momentum for long entry.
Entry point: $138 to $155
Targests:
1st target: $170
2nd target: $188
3rd and final exit: $202
Best of luck and regards,
Atif Akbar (Moon333)
FB 1 week priceline is following cypher pattern since 2 jan 17 and now this is going to end soon, stochastic RSI is already moving in oversold zone, the candles are moving with D leg and sofar crossed the 0.618 Fibonacci retracement but still possible that it will touch the Fibonacci retracement 0.786 so there is more drop awaiting till around $138 in other words after touching 0.786 Fibonacci retracement FB will have nothing to lose but in my personal opinion if some one buys it here around $154 and hold and keep hold then he will gain profits after when the price action moves up from $138, here I will use my most favorite indicator squeeze momentum for long entry.
Entry point: $138 to $155
Targests:
1st target: $170
2nd target: $188
3rd and final exit: $202
Best of luck and regards,
Atif Akbar (Moon333)
Trade active:
The priceline has entered in long position area but we need to keep any eye on squeeze momentum's buy signal, till then more drop possible till $138.
Trade closed: target reached:
By the grace of Allah the most high the targets is achieved