Could Facebook stock drop to $50??? It might be too early to tell, but if price action doesn't make a new swing high above C leg, then this pattern may have high probably of completing. Bearish divergence on the RSI extending from July 13'. A GrandSuper Cycle wave 3 confirming the down trend which peaked at price $72.73. FB is now showing signs of a bullish gartley reversal if price gets down to 50 bucks. Our Potentinal reversal kill zone is at price $51.21 measured from C to B leg at the 1.27 fib extension, expanding to price $49.95 measured from X to A 78.6 fib retracement.
****************************************************************************** For inquires of education, live trading room, or prop trader funding email epicdaytradinggmail.com
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.