Facebook @ 1h Chart @ Trend-Reversal or Break Down !?

291
> 126.24 & 124.62 bearish character
  • around 119 traders are creating something like a trend-reversal formation "shoulder-head-shoulder"
  • under 119 until 113 market participants created an "reversal shoulder-head-shoulder"
  • above 119 even until 124.62 is the trading zon of both "shoulders"


positiv is the fact that we created this week something like a "flag-formation"
- a trend-evidence-formation, which usually suggest higher price.
Even an upside trend with a temporarly consolidation.

How ever,
  • only an UpBreak above 126.24 signals a bullish signals into new all-time highs 2017
  • only an DownBreak under 113.51 signals a bearish signals into new mid-term lows 2017


Take care
& analyzed it again
- it`s always your choice ...

Best regards
4XSetUps

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.