This couldnt be more clear. Facebook had an ABC retracement up finishing of the C wave. At 174,2. To make it more clear, we have 5 subwaves.
Within the 5th subwave we have 5 sub-subwaves ending at 2.272 extension. Everything is lining up for this dump.
We keep creating lower highs on the RSI, which means we are losing bullish momentum. MACD is also slowly ticking down towards the bearish side.
My SL is set to 174,4
TP: Is at the last support at 150.
Within the 5th subwave we have 5 sub-subwaves ending at 2.272 extension. Everything is lining up for this dump.
We keep creating lower highs on the RSI, which means we are losing bullish momentum. MACD is also slowly ticking down towards the bearish side.
My SL is set to 174,4
TP: Is at the last support at 150.