FACEBOOK Head & Shoulder Pattern
Updated
Hello Guys, as we observe there is a head & shoulder pattern formed in the charts and it continues so we expect that it will test the lower support zone of @315.77
And the 50 SMA crossing below the 200 SMA when price breaks the level of 325.62.
So Here is the trade...
Short@325.62 (only if it breaks this level)
Stop loss@330
Target@315.77
And the 50 SMA crossing below the 200 SMA when price breaks the level of 325.62.
So Here is the trade...
Short@325.62 (only if it breaks this level)
Stop loss@330
Target@315.77
Trade closed: stop reached
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