August 15, 2012

Face Book Chart analysis

 
  • First chart is four hour time frame with ranges which has given breakdowns in favor of bears. If the past action is to repeat we will see another breakdown.
  • Price is nearing 100 Hour SMA. If we see a breakout above this line and the range then FB may try to fade the gap between 24 and 26.
  • ES IN A CHANNEL


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