Facebook Wave Analysis – 20 December, 2019

• Facebook broke resistance level 203.00
• Likely to rise to 208.40

Facebook recently broke through the key resistance level 203.00 (which stopped the previous impulse wave (i) in November, as can be seen below).

The breakout of the resistance level 203.00 accelerated the active short-term impose wave C.

Facebook is expected to rise further toward the next long-term resistance level 208.40 (top of the previous sharp wave Ⓐ from July).