Hi Traders,
New week new opportunities. I am currently looking at Facebook (Meta) for a False Breakout Setup. The most recent price action shows that price has created a resistance at 172.58 which has multiple attempts to break, I do believe that price will break the current resistance and meet with the real untested resistance at 176.0.
If this does happen I will then start looking at trading opportunities. Now I don’t really care what happens when price breaks the resistance or how the price may move, All I care about is price break back into the range below 172.58. If this does happen I will be more than happy to start looking at shorts.
Looking at higher time frames, This is a simple lower high we need formed for the continuation. I am long term bearish on most Nas100 stocks and I will be looking at the longer term picture or potential shorts to come.
Let smash this week.
Renaldo Philander
New week new opportunities. I am currently looking at Facebook (Meta) for a False Breakout Setup. The most recent price action shows that price has created a resistance at 172.58 which has multiple attempts to break, I do believe that price will break the current resistance and meet with the real untested resistance at 176.0.
If this does happen I will then start looking at trading opportunities. Now I don’t really care what happens when price breaks the resistance or how the price may move, All I care about is price break back into the range below 172.58. If this does happen I will be more than happy to start looking at shorts.
Looking at higher time frames, This is a simple lower high we need formed for the continuation. I am long term bearish on most Nas100 stocks and I will be looking at the longer term picture or potential shorts to come.
Let smash this week.
Renaldo Philander
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.