Technical analysis

Facebook Wave Analysis 9 April, 2021

Facebook Wave Analysis 9 April, 2021

• Facebook rising inside impulse waves (iii), 3 and (C).

• Likely to reach resistance level 340.00

Facebook has been rising strongly in the last few trading sessions after the price broken the key round resistance level 300.00 (which stopped the sharp uptrend in August of 2020).

The breakout of the resistance level 300.00 accelerated the active short-term impulse waves (iii), 3 and (C).

Facebook is likely to rise further in the active impulse wave (C) toward the next resistance level 340.00.

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