This is a Daily chart of Facebook Inc.
A couple of chart patterns to observe here:
1. It has broken down from a symmetrical triangle, retraced, and now heading down.
2. It is also an inverted cup & handle pattern.
Although it has still in an uptrend, I will prefer to exit any exiting trade and wait for it to head down lower to target profit 1 and/ or target profit 2 before re-entering.
Target profit 1 is support + a 50 moving average level on the Weekly chart.
Target profit 2 is support + a 200 moving average level on the Weekly chart (it should move up to that level with time or near it).
If you're a short term trader, you will have to find a better entry timing as putting a stop loss will prove a challenge unless you are willing to accept lower risk-to-reward.
If you have any symbols that you would like me to analyze, feel free to leave a comment!
*My apologies! I forgot to switch it back to the Daily chart. I don't know how to change it back as I'm still new to using Trading View.
A couple of chart patterns to observe here:
1. It has broken down from a symmetrical triangle, retraced, and now heading down.
2. It is also an inverted cup & handle pattern.
Although it has still in an uptrend, I will prefer to exit any exiting trade and wait for it to head down lower to target profit 1 and/ or target profit 2 before re-entering.
Target profit 1 is support + a 50 moving average level on the Weekly chart.
Target profit 2 is support + a 200 moving average level on the Weekly chart (it should move up to that level with time or near it).
If you're a short term trader, you will have to find a better entry timing as putting a stop loss will prove a challenge unless you are willing to accept lower risk-to-reward.
If you have any symbols that you would like me to analyze, feel free to leave a comment!
*My apologies! I forgot to switch it back to the Daily chart. I don't know how to change it back as I'm still new to using Trading View.
註釋
(Disclaimer: not giving any trading & investment advise. Just sharing views)註釋
Would like to see today ends up a doji and head down tomorrow.If it doesn't, then the setup might be invalidated.
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no doji but setup still valid.Looking forward to hitting profit targets!
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NASDAQ turns bullish today.Chances are the smart money is buying again!
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Been trading side ways for 2 weeks. Setup still intact for now註釋
If price peaks above $267 then this setup is considered invalidated交易結束：達到停損點
Did peak above $267.Although it still look bearish but it is what it is.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。