FB - Rising Wedge Break Down Short

Meta Platforms, Inc.NASDAQ

Description

⋅ Feb 6, 2018 2:45 AM

Facebook is at the break down point of a rising wedge with bearish stochastic divergence on both the daily and weekly charts.

Short: 177.17
Target: 171.56 - 165.95

Order cancelled

⋅ Feb 7, 2018 3:20 AM

Cancelled, no entry. Low on the day 177.74.

Comments

binque

⋅ Feb 22, 2018 5:20 AM

Should have done this one. It hit your entry target on 7th and met your profit target on 8th. Bottom reached on the 9th. Downtrend broken on the 14th when FB started a short term up trend.

Settings on chart for short term charting are DayHigh(5) DayLow(5) DayLow(3)