FB for strong reversal before FEDS taper?

7 Sep 2021

FB has been on a strong upward trend since for about eight months. Over the past few months, FB has constantly respected the 1.618 line of the fibonacci extensions. Based on that I am predicting FB to go up to $396-402 in the next couple of weeks.

- Support zone was between $373.18 - $372.51
- FB made a strong drop to $373.15 and made a strong reversal up
- The support zone was also in the area of a previous high

- MACD shows that the MACD lines is bouncing off of the signal line and looking to make an uptrend

-FB tends to make its moves over a two week period
- I expect FB to reach its next peek around SEPT. 24
- According to my pitchfork, a resistance point on SEPT 24 is 393.16
- This is on point with FB typical trend and my fibonacci 1.618 predictions

8 Sep 2021

Nota

Today FB gave us a bearish harami candle, I believe FB will fall to $365-ish and make its reversal up. I had FB either bouncing off the $372 or the $365 line. Yesterday seemed to put a lot of stocks in position so they can fall.