The wedge bottom line served as support. A bounce is in place targeting the top line of the wedge.
$FB: Bouncing from Wedge Bottom
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The wedge bottom line served as support. A bounce is in place targeting the top line of the wedge.
FB hourly shows an inverted head and shoulders pattern with a neckline in the 167 area. Neckline is being tested today and looks to hold. Target is the green dotted line at 175.
Expecting FB to trade in the small channel between the red dashed line and the yellow line for the immediate future.
Yesterday appears to be a bear trap. It’s possible the triangle consolidation has completed.
ES tested 2652 area and support held so far. Next target is 2680.
Looks to me there is another wave up to finish Primary III. Price may double from here for Major V.