Updated
Facebook update inverse head and shoulders
A pattern emerged at the 200SMA daily chart (see in the comments). A signal is a break of the neckline with high volume. MPO is just below the $190 level.
Elliott wave analysis suggests that once we finish the pattern, we turn back to continue the wave (3) down.
Good Luck!
Elliott wave analysis suggests that once we finish the pattern, we turn back to continue the wave (3) down.
Good Luck!
Note
Note
Above is the daily chart with Elliott wave analysisNote
MPO target hit!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.