What will happen to Facebook? Bullish or Bearish?

From the high at 218, Facebook experienced a strong decline to 123 despite the positive earnings registered, approx. 43% value loss. Since then a reaction to the upside is in place moving inside the ideal distribution area and attractor, increasing the probability of a higher degree incomplete bearish sequence. Currently the price is in non-trend zone at daily range, looking for the green attractor. The break of any of key levels, is going to place the price action back on track to the next attractor.

Check the forecast evolution

What will happen to Facebook? Bullish or Bearish? by TheFinancialForecast on TradingView.com

Back to Blog




Unlock a True Financial Success and Confidence in trading and investing

» The Financial Forecast Pro Plan helps Put YOU in Control of the Market’s Trends and Turns
» The Pro Plan is lead by one of the best market analyst in the world specialized in Elliott Waves and Forecasting Algorithms
» Follow the signals with entry price, stop loss and different levels of take profit in every outlook.
49.99€ > Buy our pro plan here