𝐅𝐚𝐜𝐞𝐛𝐨𝐨𝐤 𝐋𝐨𝐧𝐠 𝐓𝐫𝐚𝐝𝐞 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲Hi guys,
I am back on trading after a lot of travel. So I will update you with daily Signals on my profile. I am not going to heavily into the analysis. I am mostly trading technically.
So to provide you Signals without much blabla the posts will in the future look like this:
𝐅𝐚𝐜𝐞𝐛𝐨𝐨𝐤 𝐋𝐨𝐧𝐠 𝐓𝐫𝐚𝐝𝐞 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝟏𝟔.𝟎𝟕.𝟐𝟎𝟐𝟎
Long Entry @ 𝟐𝟒𝟎.𝟔𝟎
Take Profit Level 1 @ 𝟐𝟒𝟏.𝟐𝟎
Take Profit Level 2 @ 𝟐𝟒𝟑.𝟔𝟎
Take Profit Level 3 @ 𝟐𝟒𝟒.𝟓𝟎
Take Profit Level 4 @ 𝟐𝟒𝟗.𝟔𝟎
Stop Loss @ 𝟐𝟒𝟎.𝟑𝟎
𝐇𝐚𝐩𝐩𝐲 𝐓𝐫𝐚𝐝𝐢𝐧𝐠
facebook correction might be on ?This is not a financial advice, been following facebook had took some profit and i would like to find the bottom of the trend line ..tasting the water..
FB back to 230? or Ripping to 260 Up first we got FB. FB calls from 250 were in the money today. If you were able to join me in the 350c 7/17 you should,ve made at least a 250 return. Although we were ITM, FB found resistance at 249. As of right now that is the 4th time FB tried breaking out. Volume is slowing down so we could see some pullback into this week unless some news breaks. Be aware though that FB sold off at close due to the covid news much like everything else. Furthest I see a drop is 230. Anything past then then we are seeing 216. We’ll see what tomorrow brings. It was bullish based off the IHS pattern. I have a 230 put, will hold and see where it goes. last price target was 250 :)
Facebook ScenariosIt can be seen that there are two bearish scenarios in play with a rising wedge that may breakdown
Also an inverse H&S that is yet to complete its right shoulder
However a bull flag has also formed
2 Bearish
1 Bullish
Bearish move seems logical.
Techno Stocks or Cryptocurrency e.g. Bitcoin is the question Since 2018 the technology stocks, in this case NASDAQ are performing better than cryptocurrencies in this case bitcoin. One need to pay more bitcoin to buy techno stocks.
Seems the markets are now almost equivalent and if one will crush then other too.
facebook analysis in 15min (SELL SIGNAL)the facebook will go down to test the blue line after that will go up
facebook analysis in 15min (BUY SIGNAL)we will have short postion after that the chart will go up agine
FB wave (5) completion Overextended Rally FB wave (5) rally in progress with more push higher towards $256 to then complete wave (5). We are looking for wave (5) to fail into 256 resistance setting up for a corrective wave lower back into the low 200s.
260$FB closed at 240.86. Hit my price target. Unfortunately I sold yesterday like a beta but its okay, profit is profit. I have a put on this. It got rejected at the resistance line again. Although it hit ATH it was unable to hold. Had a little sell of at closed. Looking for this to bounce at the 0 line where the line ends. Tomorrow FB releases the audit i think for the ads and everything. Their meeting was today and Zuck man is holding strong. Tomorrow should determine where the stock is going next. New price target is 260. If it bounces at any lines above 0 and holds then thats a signal to buy. Red day tomorrow (July 8) or Thursday (July 9). Looking like Thurs though.
$FB Looking To Bounce Off of .618 Supply Zone (Cup and Handle)Confluence:
1. Well Respected .618 Fib Retracement Level
2. Strong Support Level at 232.75
3. Cup and Handle Pattern Forming
4. Strong Candle Bounce Off of .618 Fib Level
5. $ES Futures Looking Very Bullish On 1H & 4H timeframe.
