RSI Overbought on Daily, 1H and 4H charts.
Currenly did double top on 1H frame.
Based on previous RSI overboughts (daily) everytime it has made a great pullback ranging between 4-8%
Based on the previous points and FB chart history, I expect FB to pullback to 222ish and if sell volume is high to fill gap around 215.
After the pullback I will go long until 250ish.
Please do your own research before entering any position.
Currenly did double top on 1H frame.
Based on previous RSI overboughts (daily) everytime it has made a great pullback ranging between 4-8%
Based on the previous points and FB chart history, I expect FB to pullback to 222ish and if sell volume is high to fill gap around 215.
After the pullback I will go long until 250ish.
Please do your own research before entering any position.
Trade closed: target reached:
I closed my positions with a nice profit.
I believe today's drop was perfect. from 232 when we initially started to 221.
I believe today's drop was perfect. from 232 when we initially started to 221.