$FB is a simple double bottom pattern play, which can later lead to a break of the symmetrical triangle on the up side... keepings eyes on FB for some time
Overall picture:
- $FB is in a symmetrical triangle
Currently:
- we have a double bottom with a visible neckline resistance (green line)
- bull flag right below neckline resistance
I like to take FB long above the break of neckline resistance
Overall picture:
- $FB is in a symmetrical triangle
Currently:
- we have a double bottom with a visible neckline resistance (green line)
- bull flag right below neckline resistance
I like to take FB long above the break of neckline resistance