well, after yesterdays service outage of the 3 social networks (FB, IG and WhatsApp) we still do not have a clear explanation of what happened, then I decided to look at the most unbiased newspaper: the charts.
price between 50 and 61.8 retracement from the last drop, strong divergence and as I like to call it ''bearish trendy crown'' chart pattern, so both technical and fundamental traders might be looking to short FB on the opening today. let's see what happens.
price between 50 and 61.8 retracement from the last drop, strong divergence and as I like to call it ''bearish trendy crown'' chart pattern, so both technical and fundamental traders might be looking to short FB on the opening today. let's see what happens.
Comment:
opened with gap down and still bearish. technicals over fundamentals for me.
Comment:
went down just a little bit, then changed direction.
Comment:
no longer valid