Inverse Head and shoulders breakout, typically a strong bottoming pattern as seen with the overall market a couple weeks ago which too remains strong.
FB has broken out through the neckline with a Fast MA Crossover indicating the correction may be over, a good risk reward presents itself here 1:4 if it were to break and close back below the neckline the trade would be wrong.
FB has broken out through the neckline with a Fast MA Crossover indicating the correction may be over, a good risk reward presents itself here 1:4 if it were to break and close back below the neckline the trade would be wrong.
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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.