Facebook recently reversed down from the resistance area lying at the intersection of the long-term resistance level 209.00 (which stopped the sharp uptrend in July) and the upper daily Bollinger Band.
The downward reversal from this resistance area completed the pervious extended ABC correction (B) from the start of October.
Given the overbought daily Stochastic – Facebook is expected to correct down further toward the next support level 202.90 (former monthly high from last month).
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies
