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FB 1 week chart cypher pattern going to end soon
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)
交易進行
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.交易結束：目標達成
By the grace of Allah the most high the targets is achieved
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