FxPro - Analytics

FxPro

761.75 6.25/10
89% of positive reviews
Real

Facebook Wave Analysis 4 May, 2021

• Facebook reversed from resistance level 329.00

• Likely to fall to support level 307.50

Facebook recently reversed down from the resistance level 329.00 intersecting with the daily up channel from March and standing well above the upper daily Bollinger Band.

The downward reversal from the resistance level 329.00 created the daily Japanese candlesticks reversal pattern long-legged Doji.

Facebook is likely to fall further toward the next support level 307.50 (top of the previous wave (b) coinciding with the daily up channel from March).

Facebook Wave Analysis 4 May, 2021


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree