Long
Facebook wedge pattern possible brakeout
$NASDAQ:FB
Facebook built a 3 months wedge pattern.
Bottom edge tested successfully by hammer candle supported by 0.236 FIB.
Stable upward primary trend points to an brakeout of upper edge.
MACD just before crossover indicates strengthening short-term upward momentum.
CRV = 5,71 / Stop Loss below 0.236 FIB / Take Profit at 1.23 FIB
Facebook built a 3 months wedge pattern.
Bottom edge tested successfully by hammer candle supported by 0.236 FIB.
Stable upward primary trend points to an brakeout of upper edge.
MACD just before crossover indicates strengthening short-term upward momentum.
CRV = 5,71 / Stop Loss below 0.236 FIB / Take Profit at 1.23 FIB
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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.