Bearish Butterfly pattern was confirmed last Friday as FB declined below 107$. The 107$ and the Fast SMA line now act as resistance and a zone to place protective stop loss above. The first target zone for this setup is the 100$ zone, which is the top of the Rising Wedge pattern you see in the chart.
Next target levels, if FB will decline below 100$, are 95$ (200 SMA line) and 90$ (major structure zone)
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