Hello Everyone!
we have left FB after a double top at 241 area and a RSI divergence on the daily chart, what has happened this week ?
The divergence is still in place and the price seems has built energy for a new attempt to area 241 as the lower price of the retracement of 11th June has not been overcome. Let's see if the price will break new highs or will be again rejected.
Bullish scenario than, unless we will see a daily close below that low of the candle of 11th June, at 223,55. A close below that low would likely start a bearish scenario.
Thanks for reading and leave a comment if you like to do that....and may the market be with us!
we have left FB after a double top at 241 area and a RSI divergence on the daily chart, what has happened this week ?
The divergence is still in place and the price seems has built energy for a new attempt to area 241 as the lower price of the retracement of 11th June has not been overcome. Let's see if the price will break new highs or will be again rejected.
Bullish scenario than, unless we will see a daily close below that low of the candle of 11th June, at 223,55. A close below that low would likely start a bearish scenario.
Thanks for reading and leave a comment if you like to do that....and may the market be with us!
Comment:
New record high at close of 23rd (242,24) after breaking out 241 level. Bearish RSI divergence still in place, bearish scenario with daily close below 223,55 still valid.
