$FB Weekly
Where is FB heading?
Based on price action formation Fib 38.6 held forming double bottom and price closed strong last week with high volume forming good reversal.
If the bullish trend continues we can expect next 3 months price to rally towards short-term target Fib extn 127.2 to longer-term Fib extn 161.8
Forming nice ABCD harmonic pattern (in formation) note price only retraced to Fib 38.2 not to 61.8 level of AB leg
Time will tell us the reality.
Based on price action formation Fib 38.6 held forming double bottom and price closed strong last week with high volume forming good reversal.
If the bullish trend continues we can expect next 3 months price to rally towards short-term target Fib extn 127.2 to longer-term Fib extn 161.8
Forming nice ABCD harmonic pattern (in formation) note price only retraced to Fib 38.2 not to 61.8 level of AB leg
Time will tell us the reality.
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