Facebook Breakout

13. Feb. 2018

On the monthly timeframe there is a clear and distinct Eliot five wave pattern, a support on the Fibonnachi 0.236 support line, and the stochastic RSI coordinates as well. Anyone else agree?

13. Feb. 2018

Anmerkung

If you also look at the one year time frame, there appears to be a significant hammer. With positive volume, I believe this would be a good swing trade up to either the 0.382 or 0.5 Fibonacci resistance lines.