Harmonic pattern reached targets - Where to next?
The bearish harmonic pattern you see reached both of its target zones.
The price now holds the 50 days support line as FB prepares for earnings.
Expectations are for a great earnings report... with such high expectations the potential disappointment is also pretty high.
Bulls - MA line should hold as support and if that will be the case FB should make its way to 140$ to touch the top of the channel again
Bears - Take profit before earnings or bet on continuation towards the next support zone near 122-123$
The price now holds the 50 days support line as FB prepares for earnings.
Expectations are for a great earnings report... with such high expectations the potential disappointment is also pretty high.
Bulls - MA line should hold as support and if that will be the case FB should make its way to 140$ to touch the top of the channel again
Bears - Take profit before earnings or bet on continuation towards the next support zone near 122-123$
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