Facebook Wave Analysis – 07 January, 2020
January 07, 2020 @ 15:30 +03:00
- Facebook broke strong resistance level 208.00
- Likely to rise to 218.00
Facebook recently broke above the strong resistance level 208.00 (former strong resistance level which stopped the sharp uptrend in July, and also wave 3 in December).
The breakout of the resistance level 208.00 accelerated the active impulse waves 5 and (3).
Facebook is likely to rise further toward the next round resistance level 218.00 (multi-year high from July of 2018 and the target for the completion of the active impulse wave (3)).