Short
Facebook head & shoulders Pattern
Facebook start a rally from march until September And reacted to the Bullish trend line B throughout this period ,
But recently this trend line has been broken so This can be a proof to start a correction ,
Another powerful reason to make Facebook going down is Top head & shoulders pattern ,
but if price break the A line and goes above it the pattern will be fail .
the price target (TP) for this pattern showed with green line .
But recently this trend line has been broken so This can be a proof to start a correction ,
Another powerful reason to make Facebook going down is Top head & shoulders pattern ,
but if price break the A line and goes above it the pattern will be fail .
the price target (TP) for this pattern showed with green line .
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.