FB - Bullish Divergence
RSI and MACD made higher low and price lower low indicating bullish divergence. A successive break above this long-held downtrend line will be a good long signal that downtrend is being overtaken. First target would be 38.2%, doubt it will test 61.8% this would be the ideal short. Confirmation to sell would be a bearish divergence or any major target being hit.
Trade active
Weekly FB chart, sell-exhaustion and MACD crossing up. Trade closed: target reached
Successful Trade :)
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