FB is Set to Move Up This Week

FB has a great chance at breaking out from this inverse head and shoulders pattern. As an aspiring chartist, I am intrigued to constantly find the same set-up patterns time after time. Not to mention that the 4 Hour chart is one of the strongest timeframes for identifying potential inverse head and shoulders patterns; Indicating a reversal in trend. I have a RED downtrend line acting as resistance and Blue line representing the uptrend from the double bottom around $151. The Orange lines representing the Ascending Shoulder line and Descending Neckline. Long Facebook if $163.50 holds. BTD if not too late.
評論: Looks like we are now in the cup and handle phase since the inverse head and shoulders did not follow through as much as expected. Still on the way up
Needs to come with volume IMO, but mostly agree.
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