Facebook Wave Analysis 16 March, 2021

• Facebook broke daily down channel

• Likely to rise to resistance level 285.00

Facebook continues to rise after the recent breakout of the resistance trendline of the daily down channel from August of 2020.

The breakout of this daily down channel should accelerate the active minor impulse wave 3 – of the intermediate impulse sequence (3) from Januarys.

Facebook is likely to rise further toward the next resistance level 285.00 (monthly high from January) – followed by the round resistance level 300.00.