Looking Facebook's parabolic move in the last few years.
Bearish divergence in volume, with indicators showing a nice bounce.
It was overbought for a while. A pulback after some really bad news with has since bounced but im calling a top on FB. It will eventually reach the kill zone where i believe there will be a very big and healthy pull back with a ABC retracement.
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Bearish divergence in volume, with indicators showing a nice bounce.
It was overbought for a while. A pulback after some really bad news with has since bounced but im calling a top on FB. It will eventually reach the kill zone where i believe there will be a very big and healthy pull back with a ABC retracement.
Don't forget to hit the like button or follow me on Trading View for more chart analysis :)