Beaish Indications:
1)FB is in downtrend making lower lows and lower Highs.
2)Three Black Crows (3 big red candles).
3)Possibly H&S Pattern is forming.
Bullish Indication:
1)Strong Support 300-294 (Tested 6 times on daily time Frame)
2)Fib 0.61% is also at Support 298
3) Divergence on Rsi
Trade Plan A: (Short if closes below 294)
Entry: 293-290
TP1: 277
TP2:266
SL: 303
Trade Plan B: (Long if sustains support above 294)
Entry: 303-307
TP1: 320
TP2: 332
SL: 293
1)FB is in downtrend making lower lows and lower Highs.
2)Three Black Crows (3 big red candles).
3)Possibly H&S Pattern is forming.
Bullish Indication:
1)Strong Support 300-294 (Tested 6 times on daily time Frame)
2)Fib 0.61% is also at Support 298
3) Divergence on Rsi
Trade Plan A: (Short if closes below 294)
Entry: 293-290
TP1: 277
TP2:266
SL: 303
Trade Plan B: (Long if sustains support above 294)
Entry: 303-307
TP1: 320
TP2: 332
SL: 293