Since we have been following FB, we now have potentially a Cypher and Bat Pattern who are both very close to completion levels. Moreover, RSI level in the daily chart is in oversold condition.
Waiting on some confirmation signal in lower time frames to go long. Entry prices are between 174.58 and 179.94. We already closed above those prices this week.
Green zones are you profit taking zones
Red zones are your stop losses
Looking for a 0.386 retracement as first target
Looking for a 0.618 retracement as secondary target
Waiting on some confirmation signal in lower time frames to go long. Entry prices are between 174.58 and 179.94. We already closed above those prices this week.
Green zones are you profit taking zones
Red zones are your stop losses
Looking for a 0.386 retracement as first target
Looking for a 0.618 retracement as secondary target