Short
Facebook (Daily Chart) - Not Looking Good
Since its highs 2 months ago, the price of Facebook has declined about 36%, which is almost 1/3 of its value.
This is surely not a good sign.
To make things worse, the probability of further decline is pretty high.
After forming a double top (it could also become a H&S instead if it forms a right shoulder), the price has also broken the neckline, which by most measures would put it strongly in bearish territory.
It will very likely have some sort of rebound soon, but I will be hesitant to buy for the long-term until winter is over.
This is surely not a good sign.
To make things worse, the probability of further decline is pretty high.
After forming a double top (it could also become a H&S instead if it forms a right shoulder), the price has also broken the neckline, which by most measures would put it strongly in bearish territory.
It will very likely have some sort of rebound soon, but I will be hesitant to buy for the long-term until winter is over.
Free video tutorials: wp.me/P1riws-7uH
Free trading signals: wp.me/P1riws-7E8
FB group: bit.ly/2zfCGXy
Telegram: t.me/synapsetrading
Youtube: bit.ly/2AaUK4C
Twitter: bit.ly/2DLoV6X
Free trading signals: wp.me/P1riws-7E8
FB group: bit.ly/2zfCGXy
Telegram: t.me/synapsetrading
Youtube: bit.ly/2AaUK4C
Twitter: bit.ly/2DLoV6X
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Free video tutorials: wp.me/P1riws-7uH
Free trading signals: wp.me/P1riws-7E8
FB group: bit.ly/2zfCGXy
Telegram: t.me/synapsetrading
Youtube: bit.ly/2AaUK4C
Twitter: bit.ly/2DLoV6X
Free trading signals: wp.me/P1riws-7E8
FB group: bit.ly/2zfCGXy
Telegram: t.me/synapsetrading
Youtube: bit.ly/2AaUK4C
Twitter: bit.ly/2DLoV6X
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.