FB (Short it)
Zoomed out to give a picture of FB YTD. Fonsolidated late last summer after a rally from the correction of 2020. Broke out of a symmetrical triangle this spring and rallied 15% since March. Now it has formed a rising wedge pattern which I think spells the end of its bullish momentum and starts the beginning of a new consolidation period.
Entry - drop below wedge support
TP -306
Breakout above 340 negates this trade.
Entry - drop below wedge support
TP -306
Breakout above 340 negates this trade.
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