Categories: Technical analysis

Facebook Wave Analysis – 4 February, 2022

• Facebook broke key support level 245.80

• Likely to fall to support level 220.00

Facebook recently fell sharply breaking through the key support level 245.80 (previous monthly low from September and January).

The breakout of the support level 245.80 accelerated the active medium-term downward impulse wave (3).

Facebook can be expected to fall further toward the next support level 220.00 (target for the completion of the active impulse wave (3).).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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Tags: Facebook

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