Where will FB go next. If today's close is above the nearest zone then we expect FB to keep rising at least into the next zone above. If today's close is below the nearest zone but the high has at least touched that zone we can expect FB to keep dropping until the next level below current price.
Note
After yesterday's trading we are hoping that the market will continue to climb, fill the gap from a few days ago and then wait for a close either below or above the zone for a short or a long potential trade.
Trade active
After yesterday's candle which closed the gap and got rejected big time to the downside, we will enter short at the open of today 330.57 and shoot for the next level down with a RR ratio of 1.23
Trade closed: target reached
Great move by FB down and hitting our target for a quick 3 day trade of 3.98% after a nice retracement and rejection of the above resistance level. Let's see what FB has in store for us next!
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