Multi-Timeframe analysis: Facebook (May 2021)

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Multi-Timeframe Analysis:

Hourly Chart: Double Top (Bearish)

Daily Chart: Double Top (Bearish)

Weekly Chart: at the top of the regression channel (Bearish)

Monthly Chart: Dragonfly Doji, possible reversal??? (Neutral-Bearish)

Daily average trading value (YTD): Trading 32 % below YTD (money outflow) ( Bearish )

Weekly average trading value: Trading 12% below the last trading year average. (money outflow) ( Bearish )

Monthly average trading value: Trading 5.5% below last trading year average. (money outflow) ( Bearish )

Conclusion: wait for reversal confirmation ( Neutral- Bearish )

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