Harmonic Pattern on Facebook gives important signals
The yellow line is the main line for Facebook since 2013, The dotted resistances and supports traced the important B point of the pattern.
The latter candles (3 weeks) tested the 0.618 Fib level. There is still some potential that the market would reach the D point, then a correction or profit taking will lead the prices to the blue dotted line as a target (which is also 38.2 fib level), this line also crosses the main yellow line that I spoke about before, this is why this scenario is very plausible.
let's focus on volumes THEY make the market move, not the prices.
The latter candles (3 weeks) tested the 0.618 Fib level. There is still some potential that the market would reach the D point, then a correction or profit taking will lead the prices to the blue dotted line as a target (which is also 38.2 fib level), this line also crosses the main yellow line that I spoke about before, this is why this scenario is very plausible.
let's focus on volumes THEY make the market move, not the prices.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.