I saw many traders that going for long on FB because the EMA50 acting as a support and last Friday FB touched that line.
But I thing FB is going to be bearish for a while , the trade line is broken with high volume of sellers .
We are now at FIB 0.236 and we have more room to go down to FIB 0.382 where we have more volume of money and the EMA 100.
But I thing FB is going to be bearish for a while , the trade line is broken with high volume of sellers .
We are now at FIB 0.236 and we have more room to go down to FIB 0.382 where we have more volume of money and the EMA 100.